Amro Partners has acquired Lewisham Retail Park in South East London from Legal & General for a £400m GDV residential scheme.
Over the past 18 months, Amro has acquired various adjoining land holdings from private landowners and it now plans to undertake a comprehensive redevelopment of the island site.
The company intends to work closely with the London Borough of Lewisham to improve the existing planning consent for 550 homes to 1,000 new homes.
It is hoping to create a residential scheme on the site with the highest possible sustainability ratings, including BREEAM Outstanding, Fitwel 3*, WiredScore Platinum and ActiveScore Platinum.
Raj Kotecha, chairman of Amro Partners, 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.”
Adam Cradick, head of London residential land at CBRE, which advised Legal & General on the sale, added: “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.”
The project is scheduled to launch with phased openings during 2028/29.
