Capital & Regional has received planning consent for its first build-to-rent development at The Mall in Walthamstow, E17.
The shopping centre investor is redeveloping the 250,000 sq ft site to incorporate a £208m BTR scheme, with Long Harbour identified as the preferred residential partner.
The scheme comprises 538 flats across two main buildings of 26 and 34 storeys, with a podium and rooftop plant on top of the shopping centre.
The rental portion comprises 413 market rent homes valued at £184m, and 82 discount market rent homes at £24.6m that are peppered throughout the buildings. There will also be 43 flats for private sale in lower-rise buildings.
Long Harbour’s acquisition would be the third investment since it raised £500m in equity to target BTR in London.
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