Amro Partners, in partnership with Flemyn LLP, has acquired the Croydon Park Hotel in Croydon, South London for its next Build to Rent project as it seeks to target delivery of 2,500 multifamily housing units across Greater London over the next five years.
The £200m GDV project, purchased unconditionally, will deliver circa 600 new Build to Rent units with shared amenities including roof terraces, lounge areas, co-working spaces, a gym/wellness centre and cinema room.
Located just a two-minute walk from East Croydon strain station (13 minutes from London Bridge, 15 minutes from London Victoria and Gatwick Airport) and BOXPARK Croydon, with the highest possible connectivity rating of PTAL 6b, the project will meet strong demand locally for high quality purpose-built rental accommodation with excellent transport links.
In line with Amro Partners’ NZC2030 pledge, the development will target a BREEAM ‘Outstanding’ rating, Fitwel 3* certification and WiredScore Platinum – the global digital connectivity and smart technology certification. Construction is anticipated to begin in spring 2023 with a completion date in 2025, after which the project will be managed by Amro’s operational platform, Amro Living.
Raj Kotecha, co-founder and managing director of Amro Partners, said: “Croydon is a proven location for Build to Rent and we are focused on delivering a market-leading Net Zero Carbon – or better – asset that will set a new standard for purpose-built rental housing in the town. There’s strong and growing demand among Croydon’s young professional population for high quality rental accommodation in a ‘live, work, play” setting and we look forward to working with our JV partner Flemyn LLP to deliver this exceptional new landmark building.”
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