Author: Croydon Urban Edge

Work is now under way on the Taberner House site to bring hundreds of affordable homes to Croydon’s town centre

Construction work is now under way at the former Taberner House site, bringing closer to reality a stunning new development which will provide hundreds of new homes in Croydon’s town centre.

Formerly home to the council offices, the site will provide 513 homes within four buildings ranging from 13-35 storeys, with a mix of affordable, for sale and rental units, as well as new public realm, a children’s play space and a new café. At least 40 per cent of the units will be designated as affordable. Croydon Council leader Tony Newman was on site to break ground as construction work began on this major regeneration project. He was joined by Steve Sanham, managing director of residential developer HUB, who are delivering the scheme in collaboration with social impact investor Bridges Fund Management. The buildings have been designed by Stirling Prize winning architect Allford Hall Monaghan Morris, with Grant Associates working on the landscaping.


Ground-breaking ceremony for Croydon’s £6.5 million state-of-the-art youth zone

A ground-breaking ceremony today marked the start of building work for Croydon’s new £6.5 million state-of-the-art Legacy youth zone.

The Leader of Croydon Council joined other project funders at the Selhurst site this afternoon to witness a giant 10-foot spade kick-starting the development. They were also joined by members of the Legacy young people’s development group who have played an important role in planning the new youth zone. The zone, which is being developed by charity OnSide with a £3.25 million contribution from Croydon Council towards construction costs, will offer a fantastic range of activities for young people aged to 18 (or up to 25 with additional needs) in first-class facilities. They will include a four-court sports hall, 3G kick-pitch, fitness suite and martial arts area, as well as art, music, drama, cookery, enterprise and employability opportunities. Membership will cost just £5 a year and 50p a session.


Green light for East Croydon station resi-led redevelopment

Joint venture partners Menta and housebuilder Redrow have received planning permission to develop a major new infrastructure and residential-led regeneration scheme which will create a new station entrance to East Croydon Station.

Morello II will deliver 445 new homes including 107 new affordable homes as the latest phase of the Morello masterplan which has already delivered more than 330 new homes as part of the regeneration of the area around the UK’s second busiest railway station. The development will also complete the public East Croydon bridge link that will connect the Addiscombe area of the town through the Morello II development on Cherry Orchard Road into East Croydon station. It will also add further community and public realm to support the recently developed landscaped ‘café culture’ public piazza, flexible community and small business space next to East Croydon train station.


New bar Art and Craft has opened in Surrey Street

A new bar has opened in Surrey Street and it is even serving a bit of bubbly on tap.

Serving up a “constantly rotating range of craft beers and ciders” Art and Craft officially opened today (April 18) following a year-long refurbishment of the old Croydon Advertiser building. But it isn’t just the booze that owners Tom Talbot and Bradley Ridge hope will attract the customers. The inside is scattered with pieces of art from Banksy Damien Hirst and Lucas Price.


Selhurst Park expansion plans given the green light

Redevelopment plans for the main stand at Crystal Palace Football Club have unanimously been given the green light.

The council’s cross-party planning committee approved the club’s proposals, which will see the ‘Main Stand’ extended to increase the stadium’s capacity from 26,000 to more than 34,000. The expansion plans will not only see the creation of a new glass front stand, but also a larger pitch, additional accommodation for wheelchair supporters and the provision of new facilities for the local community, creating a first class home stadium for the Premier League club.


Croydon remains a property hotspot

A new report has named Croydon as the fifth most in-demand town or city in the UK for attracting commercial occupiers.

 Compiled by leading commercial property data provider CoStar, the 50 Occupier Index captures occupier activity across the 50 largest UK office markets. The company uses its database of over 470,000 commercial properties across the UK to rate each location.

The ranking system measures demand and liquidity by comparing net absorption in each city throughout the year, relative to its stock size and peers.


Prologis strikes deal for Croydon scheme

Developer Prologis has acquired a site in south London for around £3 million per acre as industrial land prices in the capital continue to rocket.

The US developer has struck a deal with landowner Thames Water to buy 10 acres of land on Beddington Lane in Croydon. Prologis beat a long list of bidders for the site, which is located in a severely supply-starved market and can accommodate around 200,000 sq. ft. of industrial and logistics space The deal comes only weeks after a site in Borehamwood, just north of London, was sold for a record price of around £3.2m per acre to First Panattoni, reflecting both developer appetite to build around London and the scarcity of land.

“All the big developers want to get building; the only thing holding them back is the scarcity of land,” one agent said. “That’s why, when a well-located site comes to market, practically every developer – as well as some occupiers – are piling in to secure it. These prices are just about sustainable as rents are also being driven up because of the supply/demand dynamic, but it will only take a hiccup in the market for it to become unsustainable.”

Market sources suggest a new record price for industrial land could be set when a 14-acre site near Heathrow, the former home of the British Airways (BA) training academy, comes to the market. BA has yet to start marketing the scheme but is being advised by Savills on options for the site. “For a site at Heathrow of that size and scale, I would expect strong appetite from developers and believe it would easily blow the £3m-per-acre price mark,” a source said. “These opportunities are rare and with a number of UK and overseas developers looking to place money in the industrial sector I’d expect a very aggressive bidding process.”

Savills advised Thames Water on the Croydon land sale. All parties declined to comment.

Source: Property Week

Croydon offices lure energy firm from City

Electricity supplier Green Network Energy will relocate its offices from the City of London to the Renaissance building in Croydon.

The Italian energy company will move out of its current offices on Paternoster Square, St. Paul’s, and almost triple its office size. It has struck a deal with M&G Real Estate to take around 28,000 sq ft at the Renaissance office block, bringing the building to 100% let. Green Energy occupies around 10,000 sq ft at Oxford Properties’ St. Martin’s Court, the office building adjacent to St. Paul’s cathedral and CBRE’s headquarters in the City.


Design reveals the scale of the huge towers replacing the Nestlé building in Croydon town centre

A picture has been released showing the scale of three towers which will replace the Nestlé building in a major redevelopment in Croydon town centre.

Property developer R&F Properties has £500 million plans to redevelop St George’s Walk into a huge public square outside Croydon Town Hall, which includes constructing new shops and refurbishing the Nestlé building into three tower blocks with hundreds of flats. This new artist’s impression of how the famous building could look once redeveloped has been exclusively obtained by the Croydon Advertiser.


Bid to make Boxpark Croydon a ‘major music destination’ with performances from the ‘UK’s biggest talents’ as new events launched

Boxpark has announced a new run of major events by a massive London promoter in a bid to make the Croydon venue a “major music destination” and a world-famous DJ will be at the launch.

Events at the venue next to East Croydon station are set for a big makeover with organisers pledging to attract top talent. Boxpark has promised shows from the ‘UK’s biggest musicians’ at the new gigs. Internationally renowned DJ David Rodigan will kick-off the brand new music event – which has been christened HotBox – bespoke to Croydon. HotBox will be run by London promoters LWE, behind Printworks and other trendy venues, and Boxpark is hoping to make its name as a must-play for musicians. To start of the new run of HotBox events famed DJ David Rodigan will be performing on April 28. Future events are to be confirmed.