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Investors - JANUARY 20, 2022

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Amro Partners, Flemyn acquire hotel for multifamily expansion plan in London

by Andrea Zander

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 during the next five years.

The £200 million (€241 million/$273 million) GDV project, purchased unconditionally, will deliver 600 new build-to-rent units with shared amenities including roof terraces, lounge areas, co-working spaces, a gym/wellness center and cinema room.

Located a two-minute walk from East Croydon’s train 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’ net-zero carbon by 2030 pledge, the development will target a BREEAM Outstanding ra

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