EcoWorld London has completed its second build-to-rent (BTR) scheme, with 487 homes at Kew Bridge, Brentford. It is the final project to complete as part of EcoWorld London’s record £400m deal in 2018 with Invesco Real Estate, the global real estate investment manager – marking the culmination of one of the single largest commitments into the UK BTR sector.
The final phase of the BTR homes was officially handed over to management firm Apo, a sister company of EcoWorld London, in July 2022. Over 50% of the homes have already been let or reserved, by Apo, putting it comfortably ahead of its target.
The handover of the BTR homes at Kew Bridge formally marks the completion of the £400m transaction with Invesco Real Estate on behalf of one of its major US clients, for whom this was its first residential investment in the UK.
This milestone follows recent leasing success at Barking Wharf, the first scheme EcoWorld London completed as part of the Invesco Real Estate deal. The 595 homes in Barking were let in just 14 months – 7 months ahead of expectations. The BTR homes on both schemes are now managed by Apo.
The BTR homes, marketed as Apo Kew Bridge, are designed to appeal to renters’ growing demand for high-quality amenities. The scheme includes a gym, social and co-working lounges, secure rooftop play space and flexible amenity spaces that can be adapted according to the wants and needs of residents.
Apo Kew Bridge forms part of EcoWorld London’s wider Kew Bridge development– a £600m transformation of brownfield land into a new neighbourhood in West London and a scheme over 20 years in the making.
The development facilitated the delivery of Brentford Football Club’s new 17,250 seat stadium, alongside nearly 1,000 new homes, a new space for the Brentford FC Community Sports Trust, retail spaces and new public realm for Brentford. The open market sale homes, called Verdo, are due to complete from August 2022.
