Confidence Now Building As Town Attracts Investors

Big success Confidence now as cycling building as town elite speed attracts investors

PROMINENT investors are across town tapping into Croydon’s potential with a succession of THOUSANDS of people lined the major deals helping to change streets of Croydon as the town hosted the face of the town. a hugely successful round of cycling’s elite team competition on Tuesday, Consultant surveyor Vanessa June 2. Clark (pictured) believes deals such as Hermes Investment The town was the subject of an Management’s purchase of the hour-long highlights package on recently-refurbished Number ITV4 after hosting round three of the One Croydon, one of the town’s women’s Matrix Fitness Grand Prix most iconic buildings, are and round seven of the men’s Pearl “game-changing” in terms of Izumi Tour Series. the way the town is being And the event got people talking perceived. about Croydon in a fresh light as, “The good news is that quality central London what the experts described as a investors now see Croydon as an attractive “hugely-technical” circuit produced a proposition,”she said. “A s confidence in the town thrilling evening’s racing. has improved, so have prices.” Council leader Tony Newman and The so-called 50p Building, designed by Richard Mayor of Croydon Councillor Seifert, changed hands in a reported £36 million Patricia Hay-Justice were among the deal, bringing Hermes’ investment in the town this presentation teams. WHEELS IN MOTION: The cycling tour events held in Croydon earlier this month were hailed as a success year to around £70 million, having already acquired the Grants Entertainment Centre in High Street, which features a 10-screen Vue Cinema, health club, bars and restaurants. Chris Taylor, chief executive of Hermes Real Estate, said the purchases were part of the company’s investment approach to capture the benefits from major urban regeneration Development’s changing programmes in the UK’s key strategic commercial centres. Among its anchor tenants are Atkins Global and Natterbox and two floors of the building were recently let to Sussex Innovation Centre, part of the University of Sussex. hour-by-hour at Ruskin Permitted development deals have significantly reduced what was previously seen as excess of office stock in the town, the latest of which has “Progress on site has been very he skyline next to East included Inspired Asset Management exchanging positive and, with Lendlease now Croydon station is being contracts on a £24 million deal with the Tricos appointed and works now having transformed as lift cores Group of Companies for the 16-storey office block commenced on the first office towering 22 storeys high are Impact House. now at work in Ruskin element, momentum is building. TSquare. Impact intend to convert the block into 188 “Securing Boxpark to enliven the affordable apartments for first-time buyers and With construction on the site well area just next to the main station buy-to-let investors. underway, the structure of Vita –the entrance has been another major first phase of 161 new apartments –is success story for the development Metro Point in Sydenham Road achieved taking shape. and we’re expecting the hive of £14.75 million in a separate deal and increasingly Lendlease has been appointed as activity to continue through the key Central London investors are emerging as the the contractor for the first office summer before the eyes of dominant players in Croydon through the likes of building at Ruskin Square, with commuters watching from the LaSalle Investment Management, M&G, Blackrock, works having now begun on site. THE FUTURE: A CGI prediction on platforms.” CEL and Aviva. how Ruskin Square will look Ultimately, a collective 2million sq Welcomed With Deutsche Bank, Aberdeen Asset, Management, Mayfair Capital, Resolution and ft of commercial premises and 625 Sales and marketing manager CBRE among those apparently circling the new homes on the Ruskin Square site Elliott Stiling said: “The team on site The on-site team recently Croydon market, Mrs Clark added: “We have will create an entire community just has been working hard to get things welcomed Chancellor George suddenly gone from having too much office stock steps away from the mainline railway well underway and the development Osborne who took part in a tour of to a realisation that new quality offices are station. of the 161 new homes is firmly on the site alongside Croydon Central urgently required as Croydon becomes more Revitalise track.” MP Gavin Barwell, during which they met Megan, a plumbing attractive to purchasers. The £500 million Ruskin Square Further activity will shortly take apprentice working with contractors “The demands being placed on the office market scheme is being delivered by place elsewhere on the site with Midgard through their partnership are continuing to increase with a rising list of Schroder UK Real Estate Fund and Boxpark founder Roger Wade having with Croydon College. occupiers –both indigenous and from outlying chosen Croydon as the pop-up areas, as well as those looking for greater value its development partners Stanhope Jason Margrave, development shopping mall for fashion, lifestyle than they currently receive in central London – plc and is designed to revitalise this director for Stanhope plc, said: “It and food brands following the considering a relocation. site at the gateway to Croydon town was a pleasure to welcome the centre. success of the first venture at Shoreditch. Chancellor and Gavin Barwell and to “It’s a whole new ball game for Croydon,” added Places for People, which is the show them how much is changing Mrs Clark. “But we need more quality offices to be PROGRESS: George Osborne visited residential partner for Vita, is James Lass, fund manager of hour-by-hour on the development brought forward in the town if we are to take full the site earlier this year delighted with the progress. Schroder UK Real Estate Fund, said: site.” advantage of this new demand.” croydonadvertiser.co.uk

LATEST NEWS OUR TIME IS NOW Tram loop aims to ease congestion and support regeneration

ransport for London has published more detailed plans of the proposed new tram loop in Croydon, the next step Tof improvements to the tram network designed to meet increasing passenger demand. The proposed Dingwall Road loop would see the trams routed anticlockwise via Dingwall Road and Lansdowne Road, which was the most popular option following a public consultation IN THE LOOP: The proposed tram extension in November 2014. Views are now sought on these more detailed plans which add important passenger capacity without contributing additional congestion in Croydon town We’re building and managing quality centre. The Dingwall Road loop has been developed closely with homes for people in Croydon Croydon Council, and would support one of the largest town centre regeneration projects in London. NEXT STEP: Tram route to be widened with a Dingwall Road loop Jobs development, said: “The success Subject to the consultation, of the tram network since it funding, and the proposal being The development is expected began 15 years ago is endorsed by the Mayor of to create more than 5,000 outstanding, with passenger London, TfL intend to apply to permanent local job numbers expected to double by the Department for Transport opportunities and deliver 2030. (DfT) for powers to construct and between 400 and 600 new homes, operate the Dingwall Road loop with the number of passengers “To support this growth it is through a Transport and Works using the tram network in the important to plan for the future. Act Order (TWAO) in autumn area expected to double by 2030. The Dingwall Road loop is the 2015. The construction is It is the latest stage in a next step of a series of anticipated to begin in spring Beulah Road Brighton Road long-term strategy to improve improvements that will deliver 2017 and be operational by reliability and increase the tram extra passenger capacity and autumn 2019. › 6 homes for affordable rent › 29 homes for social rent increased reliability to the whole › 5 shared ownership capacity in Croydon by over a The Dingwall Road loop is part Completed February 2015 third, enabling an extra 1,600 of the tram network.” Completed April 2015 of TfL’s future plans for the passengers an hour to travel in A public consultation has been trams which, subject to funding, each direction. held throughout this month includes aspirations to increase Gareth Powell, TfL’s director which will help inform further capacity and extend the network of strategy and service design and planning work. to other parts of south London. New lease of life for old fountain THE disused old fountain in Croydon’s Queen’s Gardens is to be given a temporary new lease of life as a lunchtime Russell Hill Lamberts Place performance space over the summer. › 9 homes for shared ownership › 14 homes for affordable rent › It will also be used as a central Coming August 2016 12 for shared ownership part of the new Ambition Coming March 2017 Festival being staged by Croydon Council from July 23 to 26. The fountain has not worked Wandle is helping to tackle the shortage of We are an experienced developer with a for many years and work is now good quality affordable housing. detailed local knowledge and a track record of under way to level the surface so building outstanding developments. We build Our developments in Croydon provide new it can be used as a temporary homes and communities where people want to homes for the people most in need and those bandstand stage. live. We are looking for partners to deliver more who would otherwise not be able to afford to The gardens, including the new homes in Croydon. Please get in touch to own their own home. fountain area, will be remodelled find out more. after the building work on 420 new homes on the site of Yvonne Thomson John Walton Taberner House, the former council offices, has been Executive Director of Operations Head of Development PERFORMANCE: Queen’s Gardens will get a new lease of life completed. 020 8682 7417 020 8682 7430 [email protected] [email protected] www.wandle.com Meanwhile the regeneration of refurbishment of Fairfield Halls, connecting visitors with Queens the nearby College Green, will provide a route to and from Gardens, the Clocktower, Surrey including a full-scale East Croydon, quickly Street and Exchange Square. croydonadvertiser.co.uk

LATEST NEWS OUR TIME IS NOW Residential project is rising before our eyes MENTA Redrow’s £500million development is about to rise with basement works of their showcase Morello development nearing completion. Work is ahead of schedule on the flagship project which will transform a previously derelict site next to East Croydon railway station into a vibrant, sustainable community. More than a third of the first ARTISTIC VISION: The Cane Hill site will eventually be home to 675 new houses phase is sold, with many of the homes being secured by existing Croydon residents and the first ON TRACK: The Menta Redrow Foundations are laid for first phase of scheme occupancy on course for 2017. development is ahead of schedule Menta chief executive Craig DIGGERS have moved on to the intend to build 675 new homes, more than £10m of investment in The scheme also has the the new station bridge and onto Marks believes they are not only former Cane Hill Hospital site in around a quarter of them local transport infrastructure backing of Mayor of London Westfield and Hammerson’s new seeing the potential of being next Coulsdon to begin laying the affordable. and services like health and Boris Johnson. A joint statement shopping centre. to the town’s main transport hub foundation for new houses. education.” by Barratt Homes and Ward Mark Bailey, a managing but also being part of the leafier “Redrow and Menta are Homes said: “We are looking The first phase of the scheme, director of the companies, said: residential Addiscombe ward. delighted with the progress,” Although there have been forward to working within the by Barratt Homes and Ward “On top of the much-needed new said Mr Marks. objections from residents, existing landscape to provide a The project will ultimately Homes, will see 187 houses built homes and regeneration for Croydon Council granted full sustainable community which deliver 900 new homes, a hotel, The Morello homes are being as well as the removal of Croydon, the development will planning consent last October will meet the local need for more apartments, a gym, coffee shops designed by Ken Shuttleworth’s contaminated land around the provide a large number of jobs and a legal bid for a judicial housing while retaining the and cafes as well as creating a world-famous Make practice, former hospital. for local people. review was rejected in the High character, heritage and rural feel new pedestrian link from the which was also involved in the The developers eventually “We will also be providing Court. of the site.” revitalised Addiscombe area, to Gherkin in central London. Former mail delivery office is sold on for housing development

HE former Royal Mail delivery office has been purchased by leading housing provider the Hyde Group in Tcollaboration with Joseph Homes. The acquisition of the landmark site in Addiscombe Road demonstrates Hyde’s commitment to working with key stakeholders to deliver high quality homes for Croydon. David Gannicott, Hyde’s group director of business development said: “We are delighted to be at the heart of the regeneration of East Croydon and look forward to working in partnership with the London Borough of Croydon to help deliver their vision. Transform

“A djacent to the major transport hub of East Croydon station, Addiscombe Square is ideally located to transform this STRATEGIC SITE: Hyde Group have purchased the delivery office area. We are committed to providing an exemplar mixed Addiscombe Square is a plans to deliver 4,000 over the use scheme of which residents prominent site close to East next five years for both the can be proud.” Croydon Station which I’m sure private sale and private rented Knight Frank completed the will be a long-term success for sector. sale of Addiscombe Square, the Hyde Group as Croydon Croydon to Hyde on behalf of begins its transformation.” Mike Stott, development Royal Mail Group. director of Joseph Homes said: The Hyde Group is committed “We are proud to be the Jason Hobbs, associate at to delivering 5,000 new homes of Development Manager on this Knight Frank said: “This sale varying tenure over the next project and look forward to illustrates how development three years. Joseph Homes, working closely with Hyde opportunities in areas that will together with its PRS brand Group and the London Borough benefit from significant Roost, has 1,000 homes in of Croydon to deliver a worthy investment and regeneration are various stages of planning and scheme on this strategic site.” achieving premium prices. development in London and croydonadvertiser.co.uk croydonadvertiser.co.uk

LATEST NEWS OUR TIME IS NOW How the face of Croydon is continuing to change... 1. EDRIDGE ROAD space, and 100,000 sq ft of retail, café and restaurant space all set within an extensive  Developer: Sloane International Group  landscaped public realm. Work is due to begin Planning: Approved shortly on the first office building. The developers are advised by Jones Lang LaSalle and Savills. 2. VERTEX  Developer: Durkan 11. ADDISCOMBE SQUARE  Planning: On site  Developer: The Hyde Group in collaboration with Vertex is a new landmark building in the heart of Joseph Homes Croydon’s town centre which will provide 98 new  Planning: Pipeline one, two and three-bedroom apartments. Zest A high quality mixed use residential scheme Living will retain 59 apartments within its private adjacent to East Croydon Station. rent sector portfolio, which will be built to a high standard of environmental sustainability, using the latest modern building materials. 12. MORELLO OFFICES  Developer: Menta 3. GREEN DRAGON HOUSE  Planning: Approved A scheme to develop a new gastro pub of about  Developer: Inspired Asset Management 6,500 sq ft, as well as 70,000 sq ft of offices, has  Planning: On site been approved and is expected to be on site in 2018 as the final phase of the Morello development. 4. TABERNER HOUSE  Developer: CCURV 13. MORELLO TOWER  Planning: Approved  Developer: Menta The site of the former Croydon Council offices will  Planning: On site be transformed into 420 new homes. Make’s design Morello is a mixed-use scheme by Menta which for the scheme, which features a 32-storey tower, includes a landmark 55-storey residential tower. includes one, two and three bedroom properties in The tower creates a ‘vertical street’ with 424 new the heart of the town centre and will deliver a homes ranging from studios to three-bedroom striking new public space. As part of the scheme apartments with spectacular views towards London Queen’s Gardens will be enhanced with new retail and the South Downs. On the lower floors, shops space to create a vibrant public area. and restaurants will serve the residents of Addiscombe and those moving through the scheme 5. ST GEORGE’S HOUSE to access the new station development. A  Developer: Legal & General 17-storey four-star boutique hotel will sit adjacent  Planning: Approved to the tower. Work is scheduled to start in 2016. St George’s House has consent to convert the existing office space into two striking residential 14. CHERRY ORCHARD GARDENS buildings. The high-quality redesign and  Developer: Menta refurbishment incorporates 265 private residential  Planning: On site apartments, 23 affordable apartments, underground Menta has secured planning consent for a mixed car parking and amenity/retail space. An amenity tenure development of 71 residential units and a space has been designed to enhance the design, community centre, public square and shops in providing common areas to include: coffee shop, Cherry Orchard Road. A mix of town houses and  Planning: On Site  Planning: Completed Centre, with more than 1.3m sq ft of prime retail,  Planning: Completed  Developer: AA Homes and Housing being assembled. The intention is to formally lodge reception, concierge service and roof gardens. The apartments are predominantly focused at the A 79,385 sq ft scheme delivering 110 residential leisure and dining space, public realm, improved  Planning: On site a planning application in August 2015. construction programme is still under review. affordable end of the market. one and two bedroom apartments to the private 24. NORTH WELLESLEY REGENERATION car parking facilities and up to 600 new residential 36. BERNARD WEATHERILL HOUSE rental sector. The scheme is on site and it is units. Combined with the Partnership’s ownership 43. ADDISCOMBE GROVE 48. SUNLEY HOUSE 6. COLLEGE GREEN anticipated that it will be completed by December.  Developer: Blackland Capital and The Hyde of Centrale, this will create a town centre  Developer: CCURV 15. MORELLO Group  Planning: Completed  Developer: The Oakwood Group  Developer: LaSalle Investment  Developer: London Borough of Croydon destination of more than 2m sq ft.  Developer: Menta Redrow Ltd  Planning: Pipeline CCURV’s cornerstone project, the development is a  Planning: Pipeline  Planning: Pipeline  Planning: Pipeline 19. CYGNET HOUSE  Planning: On site Blackland Capital and The Hyde Group are working 240,000 sq ft BREEAM excellent office building The proposal is for a residential led mixed-use The College Green development is central to the 29. 2 DINGWALL AVENUE, 9/11 WELLESLEY Menta Redrow are on site and recently launched  Developer: AA Homes and Housing on the North Wellesley Regeneration. Covering 2.5 which houses Croydon Council and a range of local development, comprising about 70 residential Fair Field Masterplan and the regeneration of ROAD & MERIDIAN HOUSE 49. CAIRO PLACE the first phase of 300 new homes of the showcase  Planning: On Site hectares, it will provide a significant housing service providers. CCURV achieved practical apartments and flexible commercial space at central Croydon. This mixed-use scheme has Morello development, which will link to the Morello contribution to the Croydon Opportunity Area.  Developer: Albemarle LLP completion of Bernard Weatherill House (BWH) on ground floor level. The scheme will be  Developer: Cairo Properties Ltd capacity for significant numbers of residential units Tower adjacent to East Croydon Station. The  Planning: Pipeline May 31 2013 and council staff moved in September sympathetically designed with 21st Century living  Planning: Pipeline alongside new cultural and employment space to 20. 8 BEDFORD PARK development will transform the area into a vibrant, 2014. firmly in mind and will represent the very best in Cairo Properties Limited design team have been complement the existing uses within the area. The 25. SAFFRON SQUARE sustainable new community, integrating with the  Developer: M & G Real Estate 30. NEW SOUTH QUARTER modern urban architecture. The intention is to working closely with the local planning authority, site encompasses the famous Fairfield Halls venue largely residential community in Addiscombe, and  Planning: Pipeline  Developer: Berkeley Homes formally lodge a planning application in August through its rigorous pre-application process, on this which will be refurbished as  37. 96 GEORGE STREET part of the scheme. act as a catalyst for regeneration of the area. The  Planning: On site Developer: Barratt London 2015. residential-led scheme at this strategic gateway site  project proposes to deliver more than 900 new one, 21. 5 BEDFORD PARK Berkeley Homes is building a high-quality mixed Planning: On site  Developer: Freshwater in the historic Old Town. The proposed scheme has use development of 791 new homes incorporating  Planning: Pipeline challenged all those involved to produce a 7. COLLEGE ROAD two and three bedroom homes, a hotel, 44. LEON HOUSE  Developer: Criterion Capital an iconic 43-storey tower. Saffron Square is 31. CANE HILL, COULSDON development which respects and enhances this  Developer: Croydon College and Phoenix apartments, a gym, coffee shops and cafes over  On Site Planning: designed around a one-acre public square 38. RENAISSANCE  Developer: In administration sensitive heritage location. A full detailed planning Logistics the next five years and integrate with the new A 56,816 sq ft scheme, delivering 91 residential one  Developer: Barratt Homes station development. complete with water features and overlooked by a  Planning: Pipeline application is expected to be submitted in June  Planning: Approved and two bedroom apartments to the private rental residents’gym, business lounge, 24-hour concierge  Planning: Approved  Developer: M&G Real Estate 2015. Cairo Properties Ltd is an SPV owned by sector. The scheme is on site and it is anticipated  Planning: Completed and a selection of shops and cafes. 45. EMERALD HOUSE David Hudson (Guildhouse UK Ltd) and Mark 8. 101 GEORGE STREET 16. QUEST HOUSE that it will be completed by February 2016. 32. 447 BRIGHTON ROAD Waterstone (Rosepride Ltd).  Dartmouth Capital  Developer: Family Mosaic 26. DELTA POINT 39. INTERCHANGE Developer:  Developer: Fairfield Ltd  Developer: Delta Homes Ltd (Wandle)  Planning: Pipeline  Planning: On site 22. HALLAM HOUSE 50. BOXPARK  Planning: Pipeline  Developer: Criterion Capital  Planning: On site  Developer: Canmoor & CarVal Investors  Developer: The Oakwood Group & Amicus 447 Brighton Road in South Croydon is a  Planning: Completed  Planning: On site 46. DERBY ROAD  Developer: Boxpark 9. ST ANNE HOUSE 17. ONE LANSDOWNE ROAD Horizon Consented scheme set to deliver 404 residential contemporary, mixed-tenure scheme providing two, Interchange is a new 180,000 sq ft grade A office  Planning: Pipeline  Developer: Guildhouse Rosepride LLP  Planning: On Site one and two bedroom apartments to the private three and four bedroom homes. The development is building located in the heart of Croydon, close to  Developer: Purespace Capital Boxpark, which opened the world’s first pop-up  Developer: Bravo Hotel Group The Oakwood Group purchased this former located within a highly sought-after growth area, West and East Croydon stations and the Whitgift  Planning: Pipeline  Planning: Approved  Planning: Approved rental sector. This 367,630 sq ft development is mall in Shoreditch, East London in 2011, has A landmark 55-storey tower designed by Piers warehouse and office building with the benefit of currently on site and it is anticipated that it will be close to parks, amenities and only a two-minute Centre. It provides exceptional quality and value, teamed up with Croydon Council, Schroder UK Gough CBE of CZWG Architects. Planning consent detailed planning permission for 16 houses and 43 completed by March 2016. walk away from a mainline station. with 18,000 sq ft flexible floor plates, a vibrant 47. MILTON HOUSE Real Estate Fund (SREF) and Stanhope plc. to bring 10. RUSKIN SQUARE apartments. The adjoining site was purchased on a three-storey atrium and 400 secure parking spaces. forward a new Boxpark at Ruskin Square, Croydon. is in place for 397 residential apartments, a  conditional basis and planning permission was then 33. MID-CROYDON MASTERPLAN Key tenants include Carillion and Selection Services. Developer: The Oakwood Group In line with its Shoreditch forerunner, Boxpark  Developer: Croydon Gateway Limited 217-bed hotel and 180,000 sq ft of office space. A 27. ST MICHAEL’S SQUARE  Planning: Pipeline Partnership (Schroder UK Real Estate Fund and planning application will be submitted this year to secured for a further 21 apartments. The Oakwood Croydon will focus on small independent retailers to Group entered into a lump sum design and build  Developer: Barratt London  Developer: Multiple owners The site, between Gloucester and Milton Road, is a Stanhope Plc) replace the hotel element with a second residential  Planning: Pipeline 40. 5 SYDENHAM ROAD create a unique shopping and dining experience. contract with Amicus Horizon to deliver the  Planning: Pipeline collection of dilapidated warehouses and office This will transform the quality of the retail and  Planning: On site tower. The main tower element of the scheme will  Developer: AA Homes and Housing accommodation. There are a number of challenges Ruskin Square is a £500 million, two million sq ft be one of the tallest residential buildings in the UK construction under a package deal arrangement. 34. EXCHANGE SQUARE leisure offer in Croydon and is expected to draw Seventeen of the residential apartments are being  Planning: On site after numerous refusals of previous planning mixed-use scheme adjacent to East Croydon at a height of 200m –firmly placing One 28. WHITGIFT CENTRE  customers and new businesses from across south delivered for shared ownership, with the balance Developer: Multiple owners applications on grounds of overdevelopment, Station. Construction is under way on the first Lansdowne Road as one of the focal points of  41. CAROLYN HOUSE London, Surrey and Sussex. being delivered for affordable rent.  Developer: The Croydon Partnership Planning: Pipeline excessive building heights, non-conformity with phase with 161 apartments, being delivered by London’s skyline.  Planning: Approved  Developer: Arcus/LaSalle Investment building lines, loss of employment and character. Places for People, due for completion in summer The London Borough of Croydon granted planning 35. IMPACT HOUSE  Planning: Pipeline Initial discussions with the local planning authority 51. METRO POINT 2016. In total, Ruskin Square will comprise up to 23. ISLAND 18. CANTERBURY HOUSE permission for the Croydon Partnership’s £1bn-plus have been positive and a scheme of about 85  625 homes, 1.25 million sq ft of Grade A office  Developer: Tricos Group Developer: AA Homes and Housing  Developer: Criterion Capital  Developer: Regency Homes scheme for the redevelopment of the Whitgift 42. EXCHANGE COURT residential units and 20,000 sq ft of commercial is  Planning: Approved croydonadvertiser.co.uk croydonadvertiser.co.uk

LATEST NEWS OUR TIME IS NOW World-class retail vision moves closer

he developers behind a between Westfield and encouraging major firms to proposed £1.5 billion Hammerson, hope to be on site relocate their offices here.” shopping and retail next year to begin work on redevelopment of transforming Croydon’s town The Croydon Partnership’s Croydon’s largest centre into a world-class retail land assembly programme Tshopping centre are awaiting the and leisure destination. recently took a significant leap forward with the acquisition of green light to move ahead with Support their plans. the Whitgift Trust’s 50 per cent long leasehold interest in the An inquiry into the CPO The proposals have cross-party Whitgift Centre. (compulsory purchase order) support and Croydon Central MP needed to bring forward the Gavin Barwell said: “I have long That transaction gives the scheme was held led by planning said that Westfield and Partnership ownership of the inspector Paul Griffiths in the Hammerson’s plans to transform shopping centre, alongside its spring with representations our shopping centre is the best freehold owner the Whitgift made for and against the news Croydon has had in a long Foundation which fully supports scheme, and the result is time. the vision, as well as direct expected to be confirmed by the management control. “Not only will it give us a Secretary of State later this year. modern shopping centre with all The Croydon Partnership If permission is granted –and the top brands and sensible intends to continue to negotiate upon achieving detailed parking prices, it will create for the remaining land interest planning consent –the Croydon thousands of jobs and help to and rights. ONE MORE STEP: The Westfield proposals are waiting to be rubber-stamped Partnership, the joint venture change Croydon’s image

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LATEST NEWS OUR TIME IS NOW Business incubator a In brief hub for entrepreneurs launched in 2012 by Webroot CROYDON is to provide the base local businesses moving away Agents on the founder Neil Hammerton, for up to 30 high-growth from areas like Croydon due to a recently opened headquarters potential companies with more lack of flexible facilities designed crest of wave in the Number One building in than 300 employees when the to support businesses during Croydon, has more than 250 A WAVE of activity in Croydon borough’s new business rapid growth. Incubator hubs companies signed up to its has helped Stiles Harold incubator, Sussex Innovation – such as Sussex Innovation – service including Groupon, Williams to be named among Croydon, opens this summer. Croydon are being established to Kimberly-Clark and Legal & the five most active agents in tackle both of these issues head General. Mr Hammerton said: Sussex Innovation –Croydon the M25 belt. Property sector on and to help the next “We want to keep this will be an incubation hub for journal Estates Gazette found generation of entrepreneurs. We momentum up and we have entrepreneurs, start-ups, SHW outperformed national know that growing businesses expanded our team worldwide growing companies and players such as JLL and Strutt favour good transport links and to do so.” corporate investors, offering competitive property rates over & Parker with involvement in flexible, professional office space the perceived cachet that a 447,677sq ft of transactions in and in-house support services, central London address provides, the 12 months to the end of Loan support which is expected to support but still need access to markets March 2015. Croydon has more than 100 local businesses played a major part with and expert advice, making A LOAN fund that supports through its network. Over the significant deals such as the Croydon the next likely small businesses and next three years it is estimated 83,487sq ft Emerald House and epicentre for entrepreneurs.” entrepreneurs who have the businesses will generate 24,364 sq ft CityLink Two in difficulty accessing finance £6million in turnover and raise Sussex Innovation –Croydon the town. from banks, is to be increased. £1million in investment. is designed to combat this, providing access to strategic The Croydon Enterprise Fund, Sussex Innovation executive advice and tailored business £3m boost which has already supported director Mike Herd said: “With support, all under one roof. more than 230 local businesses, office rental costs soaring in CROYDON-BASED voice will see its pot increase to London, it’s no surprise that Mr Herd added: “Timely services provider Natterbox £4million as managers GLE entrepreneurs are looking to access to support services like has received a £3million provide loans of up to £5,000 move out of the capital. investment and expert advice funding boost to its plans for for start-ups and £25,000 for can make or break the fortunes global expansion. The start-up, small businesses. EPICENTRE: Sussex Innovation executive director Mike Herd “A t the same time, we’ve seen of start-ups.” £2m tech space for companies on the cutting edge

ech businesses and start-ups are to be offered space in a prime location at the heart of Croydon’s regeneration Tprogramme. A 21,000sq ft tech space in Davis House is due to launch early next year, providing flexible office and working areas as well as training, courses and events plus investor and demo days allowing budding businesses to meet potential investors, industrial partners and growth specialists. It will also house Digital Art NEW PREMISES: Tech businesses and start-ups will be offered a Central, the UK’s first digital art place at Davis House and media specialist hub, providing the leading digital technologies and expertise to The application process for artists and art entrepreneurs collaborate on innovation, start-ups to join the tech hub is with the same high-level creating jobs and more for scheduled to open in November facilities and business-building Croydon’s economy. ” and some space will be made available free to early-stage tools usually reserved for tech The project has £2million of entrepreneurs. start-ups, providing a huge boost backing from Croydon Council to the capital’s fastest-growing Unique and the Greater London tech cluster. Authority. Councillor Toni Letts, Jonny Rose, founder of Croydon’s cabinet member for Sir Edward Lister, GLA chief Croydon Tech City, said: “This economic development, said: of staff and deputy mayor for workspace will be a welcome “This unique project confirms planning said: “This brand new addition to Croydon Tech City’s Croydon’s position as London’s space in Croydon will lead to the burgeoning tech ecosystem and a most significant new tech creation of more cutting-edge boon for the hundreds of cluster, and will provide a tech companies, more jobs and entrepreneurs, developers and world-class facility right at the more economic prosperity. creatives who live and work in the borough. centre of our regeneration “Croydon is undergoing an programme. incredible social and economic “Croydon has seen a huge “The incubator will accelerate renaissance and, through the amount of growth in the TMT Croydon’s best digital ideas and Mayor’s Regeneration Fund, we sector over the past few years be an exciting new chapter for are working to breathe new life and physical hubs like this will the digital sector in Croydon and vitality into this part of the play a key role in continuing the enabling SME start-ups to access capital.” ecosystem’s success.” croydonadvertiser.co.uk

LATEST NEWS OUR TIME IS NOW In brief Conference

TICKETS are now on sale for the fifth Develop Croydon Conference which will take place at Fairfield Halls on November 18. This year’s conference will be titled Croydon: London’s Future and brings together ALTERNATIVE: Boxpark is expected to create around 200 jobs influential practitioners from across a range of disciplines. See the website at develop Designers hoping to croydonconference.com Exhibition box clever for market DESIGNING Boxpark Croydon structures using upcycled DEVELOP Croydon is has been a dream commission shipping containers, working exhibiting again at RESI 2015. for its designers as plans forge with Roger Wade and his team The conference, now in its STAYING IN TOUCH: The Quintessence interactive map being used ahead for a new marketplace on Boxpark Croydon has been a ninth year, takes place at next to East Croydon station. dream commission. Celtic Manor Resort in Having opened the world’s first Newport, Wales, from “We are all intent on pop-up mall in Shoreditch in 2011, September 7 to 9, and delivering something truly Boxpark has teamed up with opportunities are available at unique and amazing; building on Croydon Council, Schroder UK an exclusive rate for Develop the experience of Boxpark Interactive map of Real Estate and Stanhope plc to Shoreditch but taking it to the Croydon Forum members to work on the Ruskin Square site. attend. next level.” Constructed out of stripped Croydon Council is supporting Investment and refitted shipping containers, with the delivery of Boxpark it has been designed by Gavin Croydon alongside the Greater Elliott of architecture practice Following the success of plans in borough London Authority and the BDP and will include 80 units May’s fully-subscribed project should create around 200 arranged around a covered Croydon Investor Tour, AWORLD-LEADING interactive The new free-to-use internet for community consultations, new jobs on top of a range of courtyard made available for potential investors and map, which allows people to version is based on software exhibitions and investor apprenticeship opportunities year-round events. occupiers get another view and explore Croydon’s Quintessence developed for a launches. We are proud to assist being delivered in conjunction opportunity to see for multibillion-pound regeneration large screen interactive display Croydon in its future growth. In line with its Shoreditch with Croydon Council. themselves the opportunity developments, becomes public that has showcased Develop forerunner, founded by Roger “The technology also helped to Councillor Alison Butler, which exists in the town on facing from today (June 26). Croydon at home and overseas. Wade, Boxpark Croydon will promote Croydon as a deputy leader of the council and September 29. The tours allow focus on small independent Developed by Develop Croydon Managing director Rob Bosher, technology hub. Boris Johnson cabinet member for homes and guests to see existing and retailers to create a unique Forum partner, Quintessence, who founded Quintessence in used the system at MIPIM, regeneration, said: “Boxpark planned commercial, shopping and dining experience. the Croydon touch screen 2009, said: “Develop Croydon enabling him to quickly will help attract more visitors to residential and retail Interactive Map, can be viewed Forum members and businesses visualise the growth ambitions Mr Elliott said: “A s a designer the area and provide a fantastic developments throughout the on Windows PCs or tablets via have benefited from our of Croydon, which attracted with a long-standing enthusiasm alternative shopping town by foot, coach and tram. the cloud. innovative, multi-touch solutions National media attention.” for creating memorable experience.”

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