Capital & Regional’s first BTR scheme approved

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. To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette