Amro Real Estate Partners has acquired two sites to develop under its newly launched build-to-rent platform, AmroLiving. The company plans to deliver 1,500 units across Greater London in the next five years, catering for the growing demand for purpose-built rental accommodation.
The firm has appointed Jones Lang Lasalle to identify an institutional joint-venture partner for a capital investment program of £500 million ($650 million) to facilitate the roll out, which will focus on developing schemes of 250 to 400 units in locations that are significantly under-served in terms of high-quality rental accommodation.
The first two sites acquired will provide a total of 500 homes. Both are located in Greater London, with the first in Ealing, West London, and the second in Kingston upon Thames, South West London.
The £95 million ($124 million) 251-unit scheme in Ealing is located in an under-supplied micro-location and will provide a mix of one-, two- and three-bedro
