The newly renovated Interchange building, located on Station Road, has been purchased by the real-estate management firm Tristan Capital Partners for £71.5 million.
The building is currently leased to numerous well established firms, including EDF Energy, Siemens Plc and Vitality Corporate, and its sale will provide a further 180,000 square feet of Grade A office space. Being the only London borough to be linked by all modes of transport, Croydon’s Interchange building is easily accessible as it’s situated next to West Croydon Station.
A great many more businesses are likely to locate in the area due to the expansion of available, high quality office space, especially as Croydon has over 1.1 million economically active people aged 16-74 year olds within a 30 minute public transport time – more than any other London borough. The Interchange building’s average total occupancy costs are expected to be 68% lower than that of Victoria, 58% less than the City of London and 65% lower than London Midtown’s costs.
Since the regeneration of Croydon began in 2012, a new cycle route has been installed known as the Connect2network. The Interchange building accommodates this through the 60 cycle racks that it offers, promoting healthy lifestyles and a greener, more sustainable Croydon.