UK: The Residences, an operational 156-unit build-to-rent (BTR) asset in Croydon, is being brought to market by Savills.
The freehold operational multifamily investment provides 146 one- and 10 two-bedroom residential apartments and a commercial unit.
Savills London Residential Investment team has been appointed as the sole advisor for the sale of The Residences in Croydon, on behalf of vendor Interpath.
The Residences is half a mile from East Croydon Station, providing excellent connectivity with direct links to Gatwick Airport (14 minutes), London Bridge (15 minutes), and Victoria (19 minutes).
Laura Skoda, associate director – operational capital markets at Savills, said: “The Residences is a highly desirable investment opportunity, offering secure reversionary income and significant value-add potential through asset management initiatives. It is available for sale either as a direct asset sale or through the acquisition of 100 per cent of the issued share capital of a wholly owned UK-domiciled property company. Given its prime location and excellent connectivity, we anticipate strong investor interest.”
Savills is the sole advisor for the sale of The Residences, on behalf of vendor Interpath.
Highlights:
• The Residences, an operational 156-unit build-to-rent (BTR) asset in Croydon, is being brought to market by Savills
• The freehold operational multifamily investment provides 146 one- and 10 two-bedroom residential apartments and a commercial unit
• Savills is the sole advisor for the sale of The Residences, on behalf of vendor Interpath
