Amro plans £500m jv to make PRS debut

Student accommodation specialist Amro Real Estate Partners is diversifying into the private rented sector and has launched a search for a £500m capital partner.

The London-based investment and asset manager has acquired two sites, in Ealing and Kingston upon Thames, to develop under a new build-to-rent platform called AmroLiving. The schemes comprise 500 homes in total.

To support its growth plans, the company has instructed JLL to seek an institutional joint venture partner for a £500m investment programme, which will aim to deliver 1,500 units across Greater London in the next five years.

The programme will