Amro Partners has acquired Lewisham Retail Park in South East London to deliver its largest and most ambitious residential project to date. With an estimated GDV in the region of €468m, the landmark ESG-leading development will deliver c. 1,000 new residential homes, forming one of the final major pieces of the 20-year Lewisham regeneration plan.
Over the last 18 months, Amro has acquired various adjoining land holdings from a number of private landowners, concluding with the acquisition of the Lewisham Retail Park site and remaining land holdings from Legal & General.
With plans to significantly improve the existing planning consent for 550 homes, Amro will work closely with the London Borough of Lewisham to secure permission for an ESG-leading development with the highest possible sustainability ratings, including BREEAM Outstanding, Fitwel 3*, WiredScore Platinum and ActiveScore Platinum.
Adjacent to Lewisham Train Station (9 mins to London Bridge, 20 mins to Bond Street, 31 mins to London Liverpool Street), with a connectivity rating of PTAL 6b, the project will meet strong local demand for a variety of residential uses with excellent transport links.
The project is scheduled to launch with phased openings during 2028/29.
Amro Partners Chairman and CEO, Raj Kotecha, said: “This acquisition is the culmination of two years’ hard work piecing together this incredibly complex site. It’s an honour to play a part in the regeneration of this bright and thriving neighbourhood, with a site that has such vast potential. We look forward to working with the council and the people of Lewisham to bring forward a landmark development that sets a new bar for placemaking, sustainability and brings long-term value to the local community.”
CBRE Head of London Residential Land, Adam Cradick, who advised Legal & General on the sale, said: “Amro has the ability to deliver an exceptional development with outstanding placemaking, and much-needed housing. This transaction is another example of the current positive sentiment within the London residential land market, and the demand we are seeing for best-in-class sites.”
Image provided by Lawrence PR.
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