November 2019 Inward investment newspaper published in conjunction with Develop

SOUTH BANK FEEL CROYDONOLOGY 10 LEON-HEARTED How the newly-refurbished Halls is only the A timeline of how our town has been transformed in How three new-build towers are being designed to first stage of creating a cultural quarter for Croydon the ten years since Develop Croydon was created complement the renovation of an iconic tower block SEE PAGE 3 SEE PAGES 6-7 SEE PAGE 5

Towers putting Croydon on top of the world CROYDON is now home to the world’s tallest modular tower after a topping-out ceremony on the 101 George Street scheme, which stands as high as the Eye. Tide Construction have installed the last of 1,526 modules onto the building which could help to change the way in which Britain’s housing shortage is tackled. Building the modules off site and craning them into position has helped to slash construction times and the first residents are set to move into their new homes just two years after work began. For the full story see page eight. CREATING THE RIGHT MIX FOR 21ST CENTURY ROPOSALS to the mix of their offer is being Partnership, which also owns Savills director Marie Hickey redevelop Croydon changed. Talks with Croydon , says it will continue believes the change in retail town centre are Council to discuss the progress to invest in the town centre trends, particularly in terms of being revisited to of a revised scheme have been and encourage new trade. millennials’ spending habits, ensure they meet the described as ‘constructive There has been cross-party provides a way forward. Ptown’s future needs. and encouraging’ as a review support in bringing the scheme “The way we are spending With the retail landscape ensures the plans meet the forward since it was first money has changed,” she having changed susbstantially rapidly changing needs of proposed and council leader said. “We now spend more on since 2013, when Westfield and consumers, retailers and the Tony Newman said: “The new experiences such as holidays, Hammerson first jointly put town centre as a whole. proposals look impressive, eating out, cultural experiences forward plans to transform Proposals now include a improve Croydon’s existing and gym membership, and less Croydon’s two main shopping higher proportion of mixed- offer and are more sustainable on buying stuff. centres, it came as little use including high-quality and fit for the future.” “The good news is that surprise that a rethink offices and co-working spaces, The Croydon Partnership the change is generating is necessary. a hotel and homes alongside a intends to reveal more details opportunities as well as The Croydon Partnership substantial retail offer. soon but a spokesman said: challenges. Many online stores says it remains committed to Considerations also include “There is still much work to are transferring to physical creating a retail and leisure fewer parking spaces, the do to finalise this proposal stores because they value destination on the site of the possibility of retaining and and ensure it meets the future in-town locations. Statistics Whitgift Shopping Centre – reusing some key buildings needs of retailers, residents show 25 per cent of online with Marks and Spencer and and more open space. and consumers, in a climate sales are generated where the John Lewis as anchor tenants While the updated scheme is of continued economic and customer has originally seen for the retail element – but worked up in more detail, the retail uncertainty.” or experienced the product.” 2 3

IN BRIEF Getting Croydon Riot city, surprising marriage Giving Croydon a South Bank feel in the right zone esigners have behind the team which has A CAMPAIGN for Croydon been chosen for a been selected to design and to be reclassified as part new public space deliver the scheme, which will of Zone 4 of the London and a decade of development to complement help to join up public spaces in Transport network is being the recently the town centre. T is safe to say here were substantially lower backed by the Develop refurbishedD . The intention is that the final Croydon Forum. Croydon can have had than elsewhere in the capital. The ambitious £10m scheme, designs will invoke the spirit few more momentous Meanwhile, two major retail Chair Richard Plant in the heart of Croydon’s of Croydon’s historic medieval decades in its recent development companies did said: “The re-zoning of the cultural quarter, will bring fairs which used to be held on history than the one see potential in Croydon. stations would have a huge the historic Fair Field site – the same site and bring the economic impact, not just thatI is reaching its climax. Westfield and Hammerson which hosted fairs, markets kind of energy and excitement were vying for the right for those commuting into Delegates attending the and performances before the to this part of south London and through the stations to invest and rebuild the tenth Develop Croydon arrival of the railways in the as that which exists along the but also those looking to Whitgift Shopping Centre. Conference – fittingly called 1860s – back to life. South Bank near Waterloo. invest further in the town Croydon 10 – could be From the Develop Croydon A naturally-filtered water MICA Architects, OOZE, centre. We fully support the forgiven they were discussing Conference stage a vote was Zone4Croydon campaign.” mirror – a shallow pool Charles Holland Architects, an entirely different town held on which company reflecting Croydon’s skyline – Adam Nathaniel Furman, to the troubled location should win that right, will be the centrepiece of plans eHRW and DHA Design Whitgift rebrand that hosted the inaugural so it was something of a designed to bring a South Services Ltd, Gardiner & conference in 2010. surprise when the two rival THE Whitgift Foundation Bank feel to the area around Theobald and Wasser Werkatt retail development giants will now be called the Croydon was in the midst of Croydon’s iconic arts and are now combining to create a announced they would John Whitgift Foundation an identity crisis. The buzz entertainment venue, which final design and it is intended come together Croydon after its founder. The word was “perception”. That reopened in September after a work will begin on site in 2021. Historic setting: The Fair Field site will recapture its former glory and become an outdoor events space for Croydon charity, freehold owners Croydon was rough. That Partnership to deliver on a £42 million renovation. Surrounded by greenery, the that public art gateways venue. MICA director Stuart the new Fair Field public relishing the opportunity to of the Whitgift Shopping opportunities were scarce. joint scheme in January 2013. World-class architects, custom-built space could play while it is also intended Cade said: “We are delighted realm. The brief, context and co-produce a high quality Centre, educates more That unless we could show Suddenly investors flocked landscape, designers, public host to performances, concerts that innovative lighting that the team has been ambition for the new space and diverse urban landscape than 3,000 students at three change those perceptions, to find out what Croydon was foundation schools. art experts and engineers are or markets and it is proposed installations will light up the selected to design and develop is unique and our group is for Croydon.” who in their right mind all about. Just as importantly, would invest in the town? people began to have positive If we’re honest, they things to say about the town. Dame Judi launches new-look Fairfield Halls weren’t just perceptions. The irony that the landmark The Met Police needed a development has not got DAME Judi Dench formally prominent voice in that first off the ground while the re-dedicated the Ashcroft conference, while the focus likes of Boxpark, the HMRC Playhouse at Fairfield Halls of the new Croydon Business at and the to her friend, Croydon-born Improvement District was world’s largest modular Dame Peggy Ashcroft, at the predominantly on reducing towers have arrived at re-opening of the venue. crime and making the town startling pace, won’t be lost. centre safer. The award-winning actress With the bottom having unveiled the People’s Picture, Proving the point, Croydon fallen out of retail, a debate a commemorative mosaic by became the face of Britain’s about how to ensure the artist Helen Marshall, before riots in 2011, the iconic House Whitgift is replaced in a way taking to the stage for a Q&A of Reeves furniture store which is not only viable but in the Ashcroft Playhouse.. gutted by fire, while thugs also best meets the needs and and looters ran amok in wishes of Croydon residents This event kicked off a week South End, London Road and is well underway. of special events, marking the town centre itself. the reopening of the iconic It also demonstrates why venue, following a £42million But Develop Croydon had at debating the challenges and council-led restoration. least started the conversation the opportunities remains as about how positive change important as ever. If anyone Neil Chandler, artistic and could be brought about. is in any doubt about what venue drector of operators BH Live, said: “To be custodians , a can be achieved, just look at the venue for Croydon 10. of this wonderful venue is a landmark Berkeley Homes privilege. We will deliver a development, came out The once tired Faifield Halls WELCOME TO RUSKIN SQUARE. ONE OF LONDON’S diverse programme of arts, of the ground, and young has been renovated into a culture, events, entertainment MOST SPECTACULAR DEVELOPMENTS, BALANCING professionals from other proud monument to a town and education for the people LIFE, WORK AND LEISURE. TRAIN STATION INCLUDED… parts of London arrived, not that has been transformed of Croydon.” least because house prices over the past decade. Fitting tribute: Dame Judi Dench Homes with a PHASE 1 — COMPLETED THIS NEWSPAPER has been cultural heart — HM REVENUE & CUSTOMS NOW OCCUPIES THE FIRST developed and produced by OFFICE BUILDING (APPROACHING 200,000 SQ FT) the Develop Croydon Forum, UPDATED plans have been — 161 HIGH QUALITY HOMES DELIVERED a not-for-profit organisation submitted for Fairfield Homes, Community Interest — HOME TO BOXPARK CROYDON a 430-property development Company which promotes which will be built on the site Croydon as a location to SUBSEQUENT PHASES next to the newly-refurbished invest, work and live. Fairfield Halls. — FURTHER ONE MILLION SQ FT COMMERCIAL, Up to date news on Four of the five new RESIDENTIAL AND RETAIL SPACE IS ANTICIPATED Croydon’s regeneration as buildings have been designed TO CREATE A DYNAMIC HUB IN CROYDON well as information on the by Mica Architects, the Forum, its independent 020 8726 7968 (Monday to viewpoints represented in practice behind the Fairfield Complementary design: The proposed Fairfield Homes board and its members, Friday 9am to 5.30pm). the articles published in this Halls makeover, while the can be found at www. This newspaper was newspaper do not necessarily remaining building has been in height from seven to 29 planning consent, nearly developcroydon.com. produced by White Label represent the opinions, designed by Brick by Brick’s storeys alongside 16,000 sq ft doubling the number of homes If you would like to contact Creative on behalf of Develop beliefs and viewpoints of the in-house team Common of commercial space. Brick from 218 and increasing the us, please email us at: info@ Croydon Forum CIC. Develop Croydon Forum or Ground Architects. by Brick’s updated planning affordable provision housing White Label Creative. developcroydon.com or call The opinions, beliefs and The buildings will range application builds on a 2017 from 18 to 20 per cent.

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REACHING FOR THE SKY IN BRIEF A Leon-hearted regeneration Station upgrade Beamhouse to be a hive getting on track HREE new-build towers are to THE former Royal Mail and be created to Volkswagen sites next to complement have of activity the successful been bought by Network regenerationT of an iconic Rail as part of its plans to PURPOSE- this year although a start 1960s building. unblock Britain’s most BUILT arts and date for the construction of congested railway. FI Real Estate Management music venue the scheme, which is being has secured planning Network Rail’s plans will form part of designed by architects permission for phase two of open the way for two new Beamhouse Yard, Maccreanor Lavington, is still the Leon Quarter, which will platforms to be built and Aan eight-storey development to be confirmed. offer for sale a mix of 357 one, it has begun consultation facing onto Croydon’s historic The new events space will two, three and four bedroom with passengers, residents street market in Surrey Street. be called The Beamhouse units, 30 per cent of which and businesses. Local developer Regent Land and will be occupied on a will be affordable. and Developments is also 25-year lease by local music There will also be 12,938 sq ft Gatwick planning proposing commercial units and events firm Hoodoos of ground floor commercial including a new restaurant who previously operated space, provision for 734 for more growth and café on the ground floor part of the existing space at secure cycle spots and 22 GATWICK Airport proposes with 60 flats above – 18 of Matthew’s Yard. accessible parking spaces. to build capacity on the them affordable. The Beamhouse will offer The 31-storey Block A will existing runway and bring Community roof terraces, community and charity front onto Croydon’s High the standby runway into inset balconies, winter events including open mic Street with the creation of routine use for departures in grounds and public nights, poetry and spoken a new public square and its final masterplan. Although realm improvements and word, comedy, cabaret, neighbourhood garden. it is no longer pursuing plans landscaping form part of fashion launch nights, film, Block B will have 20 floors for an additional runway, the the proposals which were yoga and fitness events and Changing view: Bellway’s Vista 24 and its neighbouring of residential storeys, while airport still recommends land awarded planning permission the venue will also be open No.26 East Croydon in Dingwall Road the six-storey Block C will is safeguarded in case it is Community hub: How Beamhouse Yard will look by Croydon Council earlier for community use. be designed to fit in with the Creating a community: The designs for Block A and (right) refurbished Leon House required in the longer term. A spokesman for Regent nearby terraced housing. A NEW development is 24 is set to play a key role in We have experienced great exceeding that cap can still Land and Developments said: appearing on Croydon’s the creation of a new skyline The neighbouring Leon success with Leon House, access the government’s “Beamhouse Yard stems skyline as Bellway London’s for Croydon.” House, a 22-storey former proving there is an appetite Help To Buy scheme while from a genuine opportunity Vista 24 takes shape. The development is next 1960s office block, has already for owner occupiers to set homes remain available for Legacy Youth Zone officially opens to redevelop an under- been transformed into 263 one Rising up next to East door to No. 26, East Croydon down roots and invest in those who do not require utilised site in a key town and two bedroom apartments THERE were smiles all round by young people, families Seroussi Foundation via UBS Croydon Station, the new a conversion of the former the borough.” assistance. centre location. The existing development sits on the site Carolyn House office block with a double height lobby, as over 1,800 people celebrated and the wider community. Optimus Foundation. Meanwhile, FI has entered Roy Hind, acting head of property is tired, no longer fit of the former Job Centre Plus into 183 apartments – a joint rooftop sky garden and the official opening of Now open, Legacy belongs The Youth Zone’s annual into a partnership with Legal sales and marketing for L&G for purpose and as such now in Dingwall Road. venture between LaSalle private dining space. Croydon’s Legacy Youth Zone to young people, it is a place running costs are supported & General Affordable Homes Affordable Homes said: “Leon on Saturday 7th September. where they can discover their sits largely vacant. The 181-apartment scheme Investment Management and A spokesperson for FI said: by several founder patrons to offer shared ownership House is a superb example of “The new design provides will consist of a main aparthotel specialists Native. “Leon Quarter will build on Based on the successful talent, develop their skills – a group of businesses and homes for sale at Leon House. a high-quality development an architecturally rich and 24-storey block linked by a The rental apartments the successful regeneration OnSide Youth Zones model, and raise their aspirations. philanthropists who have and Croydon not only robust building that responds private first-floor central come complete with timber of the adjacent Leon House It is designed to help those Legacy offers young people I want to say a huge thank- pledged over £1m per year. provides excellent transport to the existing character garden to a second nine- flooring, floor to ceiling to create a distinctive new with household incomes with over 20 activities 7 you to all of Legacy’s Capital Croydon Council will also links into the city but has a of Surrey Street and will storey block. Emma Hamlett, windows, high-end kitchens, residential area, boasting of £90,000 or less to get on days a week. For an annual Funders and Founder Patrons contribute £300,000 to the thriving arts and cultural contribute positively to the sales director of Bellway Conran furnishings and high quality public realm as the property ladder. First- membership of £5 then just 50p for turning this dream into a Youth Zone’s annual running well as shops and restaurants. scene.” town centre.” Thames Gateway, said: “Vista Ottaman beds. time buyers with income per visit, young people have reality, giving young people costs. in Croydon somewhere to go, access to an indoor climbing Councillor Tony Newman, something to do and someone wall, four-court sports hall, Leader of Croydon Council, to talk to.” fully equipped gym, 3G all- said: “We have 93,000 under weather pitch, music room The initial £6.5million 18s in our borough – more BOXPARK IS HERE TO STAY with recording suite, training building costs have been young people than anywhere kitchen, dance studio, health joint funded by a number of in else in London – and we and well-being room, arts and partners; Croydon Council promised them we would be crafts area and much more. contributed £3.25million with ambitious for them. We are Barnabas Shelbourne, Chief the remainder being sourced proud to have invested in this Executive at Legacy Youth by OnSide from a number fantastic facility, and together Zone said: “Legacy Youth of contributors including with our partners, to create a Zone’s official opening day the Queen’s Trust, the Stone true Legacy for young people was an incredible day enjoyed Family Foundation and The in Croydon.”

Computer-generated image for illustrative purposes only and subject to planning.

• An exciting, large regeneration scheme right in the heart of Croydon’s Town Centre • A new Town Square is proposed opposite the Town Hall to provide a brand new public realm • A vibrant new destination providing opportunities for shops and cafes Building on local architecture L&Q has committed to 53 per and 18 storeys. The plans, Vicky Savage, regional BOXPARK is to continue originally opened as a Croydon gained iconic status cent affordable housing in its which have been approved managing director for L&Q bringing the good times to ‘meanwhile use’ project next as the heartbeat of England’s plans for 137 new homes in by Croydon Council, were said: “Our vision is that Croydon for at least the next to East Croydon Station in celebrations at both last Croydon town centre. produced by award winning everyone has a quality home five years. October 2016 but founder year’s football World Cup The development in architects GSA and drew they can afford, and we see The food, drink and Roger Wade has announced and the recent rugby version, Road will inspiration from local post- great potential to grow and entertainment venue, made the intention to stay for featuring heavily in ITV’s consist of two towers of eight war architecture. expand in Croydon.” from shipping containers, the longer-term. Boxpark coverage on final day. 6 7

Looking back from the first Develop Croydon Conference,

August 2017 we reflect on the regeneration headlines that have shaped Interchange office February 2015 building sold for set for £71.5m to Tristan £1.5m regeneration as May 2018 the borough over the past ten years and take a quick look Capital Partners. funding secured from January 2018 The Croydon Partnership announce a new July 2019 Transport for London. Mayor of London co-located John Lewis department store FI Real Estate at what lies ahead. Sadiq Khan gives and Waitrose supermarket will anchor the Management the go-ahead on £1.4billion redevlopment of Croydon retail granted planning June 2014 the final plans town centre. permission for Work begins on a multi- for Westfield and Leon Quarter. February 2014 million pound project to Hammerson’s £1.4 Demand for luxury change the face of London billion shopping accommodation in Road in West Croydon. October 2016 Croydon underlined Launch of Boxpark centre. January 2013 February 2016 after a two- Croydon. Westfield and Purley BID officially bedroomed apartment Hammerson launched. January 2018 announce the achieved a 26 per cent Greystar and formation of the increase in capital February 2016 Henderson Park Croydon Partnership. value in three months. Barratt London win acquire the site planning permission at 101 George April 2014 for two tower blocks July 2016 Street from Tide Plans approved for in West Croydon Fairfield Halls closes Construction. scheme. February 2014 the redevelopment ahead of £42million Work on the November 2018 Croydon Council of the former Cane transformation. world’s tallest Having begun work modular towers grants outline planning Hill Hospital site by December 2014 February 2017 on phase one, R&F March 2019 is now well permission to Croydon Barratt and Ward Our Time Is Now Superdrug cut the ribbon announce plans for Croydon Creative underway. November 2011 Partnership. Homes. proposes the creation on new Croydon HQ - the phase two of the Queen’s Campus, £22m of of a “growth zone” base for 500 employees. Square development, Croydon Council November 2019 additional funding which would see including a 50-storey announce plans tower, 830 homes, a 10th anniversary of from City Hall to February 2014 locally generated to bring London support Croydon’s March 2016 ‘creative quarter’ and a the Develop First Croydon News is taxes rapidly bring July 2016 Southbank redevelopment Body Shop signs new Town Square Croydon Conference published. forward the delivery September 2015 Hub appointed to University to was announced seven-year lease of a £5.25bn EDF set to move regenerate Taberner Croydon at the 2011 in Croydon. regeneration July 2015 to Interchange, House site. 010 2 013 2 015 2 Develop Croydon programme, including Launch 19 0 2 May 2014 Croydon. 17 0 2 September 2017 Conference 23,500 new jobs and of luxury Develop Guildhouse Rosepride 8,000 homes in the apartments, September 2015 Croydon granted planning town centre by 2031. Vita, on Ruskin Sussex Innovation runs its first permission for One Square site. Centre opens in investor tour. Croydon. Lansdowne Road. 18 0 2 11 0 2 14 0 2 16 0 2

September 2019 September 2017 February 2019 Fairfield Halls Ribbon cut on Beamhouse Yard, 5-9 reopened by Dame January 2011 March 2014 December 2015 August 2016 March 2017 HMRC’s first regional Surrey Street, granted Judi Dench and Launch of the Develop Work starts on a Singapore-based Plans to bring a £17m R&F Properties buys centre in Croydon at planning permission Mayor of London June 2014 Croydon Forum. £3 million street developer Hung community and 5.5acre site including Ruskin Square. April 2018 Sadiq Khan makeover of The inaugural leisure centre and St George’s House – Menta and Redrow secure Ho Land buys both September 2017 Croydon’s restaurant Croydon Tech City new housing to New better known as the planning approval from and Warhol Croydon, a quarter South End. seminar is held at May 2016 Addington given the former Nestle Building Croydon Council for the in a month-long cultural . retail park go-ahead. - for £60m. second phase of their £99million deal. landmark event, is bought by LaSalle Morello development May 2015 March 2017 held in homage to Investment Management Hermes buys Works begin on £1.1m Andy Warhol. April 2018 16 November 2010 in £45.5million deal. November 2016 Croydon’s 50p renovation of the Crystal Palace FC are given First Develop Businesses vote in building. 700-year-old Surrey the green light to redevelop Croydon Conference. May 2016 favour of Croydon Launch of TMRW BID continuing for Street Market. the Main Stand at their Tech Hub. Park home. March 2014 a third five-year term. Croydon Council May 2016 November 2016 September 2019 approves plans for Ruskin Square and Morello Brick by Brick, Croydon Croydon’s Legacy the demolition of both hold topping out Council’s development in Youth Zone opens February 2013 ceremonies, either side of company, submits its first preparation for the Launch of New East Croydon station. planning applications. deconstruction of the Addington BID. 1960s office block, formerly the council’s headquarters.

April 2019 L&Q given planning permission for 137 new homes at Addiscombe Road site December 2017 Tide Construction gain planning permission for 101 George Street. The residential towers have become the tallest ever built using modular construction. 8 9

IN BRIEF Architects selected for IN BRIEF Consultation on George Street can 500-home programme A fresh look for local plan review South Norwood THE architects who will more than 1,000 ‘high quality’ WORK is set to begin next A CONSULTATION on how deliver new homes on more new homes on council-owned year to revitalise South the council should manage than 50 sites across the infill sites with a 50 per cent Norwood’s High Street Croydon’s growth over the help turn the Tide borough have been selected. target of affordable housing after it successfully bid next 20 years has begun. Sarah Wigglesworth, Mae, across all developments for major funding from It is the first part of the HE last of 1,526 half the time it would have at ground floor level. Christy Mary Duggan Architects, as part of its £270 million Historic England. taken using traditional Hayes, chief executive of Tide smaller site programme. review of the 2018 Local modules on the Hayhurst and Co, Gort Scott, The £1.7m plans will help methods of construction. Construction, said: “Once Plan and will look at key innovative 101 Stitch, Denizen Works, Many of the new sites are restore Victorian buildings, the concrete cores of the two issues such as a need for George Street “While we are proud to have Archio, Threefold and Ruff for fewer than ten homes and boost public open towers were complete, Vision up to 46,040 new homes has been craned delivered the world’s tallest Architects have all won include infill sites on land spaces, back community Modular Systems’ pre-fitted, between now and 2039, intoT place as the world’s modular tower this isn’t projects as Brick by Brick next to council tower blocks education projects and pre-plumbed and pre-wired employment growth and tallest modular tower nears about breaking records,” said rolled out its latest 500-home or on the site of existing or encourage heritage-related modules began arriving. We improving sustainability in completion in Croydon. John Fleming, chairman of development phase. dilapidated garages, apprenticeships. successfully installed the last the borough. Two towers of 44 and 38 Tide Construction and Vision They are joined by Common The organisation was module in 35 weeks – three storeys are being developed Modular Systems. “It’s about Ground Architecture, the established by Croydon weeks ahead of an already Sussex named as by Tide Construction on finding innovative ways to growing former in-house Council in 2016 to accelerate School on track tight schedule – after the first behalf of Henderson Park and build better, sustainable architect team at Croydon delivery of new homes for was craned into place.” new growth hub A NEW school with a full Greystar, a 136metre scheme homes, more quickly. Council, which will take Croydon residents, with sports pitch on the roof and SUSSEX Innovation Centre equivalent to the London Eye. “Using a production line The 546 Build to Rent homes on responsibility for five both private and affordable state of the art recording in Croydon took up its role Manufacturing the offers greater certainty will be managed by Greystar infill sites in and properties to buy and rent. studio will open next year. whose senior managing as one of the new London buildings inside a controlled around quality and cost.” as well as Brick by Brick’s chief Ark Blake Academy in director Mark Allnutt said: Growth Hubs earlier this factory environment has Construction began in co-ordinating the masterplan executive Colm Lacey said: Morland Road is set to be “We are delighted with the month after being one of five slashed development times. February 2018, just three for 27 sites in “We are delighted to work completed in April with quality and pace of delivery. new sites across the council Tide and its off-site months after planning and Fieldway. with the best architectural Talented team: Architects who have won projects on Brick by Brick’s next phase the first Year 7 intake announced by Mayor of manufacturing company consent was granted, with “Croydon is emerging as Another plot at New talent, irrespective of size next September. The same London Sadiq Khan. The hubs Vision Modular Systems are the 1,526 modules craned an economically-vibrant Addington and Fieldway is of practice, to deliver these expertise and innovation in Brick, which has also lodged submit planning applications charity runs Ark Oval bring together the capital’s set to complete the project in into place onto a concrete and culturally dynamic set to go out to competition. sites. We carefully select the specific type of site we plans for 421 homes next to for its latest batch of housing Primary in nearby Cherry business support offer into a just over two years – around podium linking the towers centre and it’s going to need Brick by Brick plans to build practices who demonstrate are working on.” Brick by Fairfield Halls, will start to developments next month. Orchard Road. high-quality rental homes to single online resource. support this stellar growth.” Simon Bayliss, Managing Partner at HTA Design LLP, said: “What Tide and HTA Businesses local to Gatwick Strong local expertise and have achieved at 101 George Ard work starting Street is a perfect example of are 50% more likely to export what modular construction than the national average a Central London base can do to deliver housing at speed, without compromising on architectural quality. at Queen’s Square “Modular housing is set to play a major part in &F Properties has addressing the UK’s housing awarded Ardmore shortfall but cannot do so the £100million without a concerted effort to build contract reform the planning system.” to deliver the Rfirst phase of their major regeneration of Queen’s Square, Croydon. Fun living The 5.5 acre site sits immediately opposite the Town Hall and Queen’s SALES ADVISORY at No.26 Gardens on Katharine Street, and the masterplan includes NO.26 has welcomed its the redevelopment of the first residents since the Nestle Tower, St George’s former Carolyn House office Walk, the Grade II listed block was converted into Segas House and various residential units. other buildings, mostly The block consists of 183 from the 1960s, made up of units of mainly studio, one shops on the ground floor and and two-bedroom apartments offices above. with one three-bedroom The first phase includes the Gatwick brings global apartment, with shared conversion and extension of community spaces including two existing office buildings, trade opportunities closer a co-working space, library including the iconic 25-storey and rooftop terrace. Nestle Tower, into a series ACQUISITIONS LETTINGS The units, which are for of residential blocks of up to rent only, come with shared 28-storeys, providing 288 events and services included new homes. Complex plan: New homes are being delivered as part of one in the cost, with pets also • Proven track record on all aspects of office Ardmore have developed of south London’s most iconic projects allowed. Each flat has a complex plan to deliver been designed by interior development and lettings/sales the new homes whilst Queen’s Square is one of its current status, we are designers with all furniture maintaining public access South London’s most iconic delighted that we are now at • Local knowledge and network of contacts included so residents can We’re more beneath the building to the projects. We are looking a stage where Queen’s Square move straight in. • Longstanding client base neighbouring St George’s forward to helping R&F as a development can start to • Large scale as well as small projects “We offer something Walk shopping arcade. realise their ambitious vision take shape. different, not only an Construction has started, of delivering 300 high-quality than just an airport “After many years of little Contact Vanessa Clark excellent living space for our • Lettings, Lease Renewals and Acquisitions with Ardmore carrying out new homes.” movement on this site, it is residents but also lots of fun t +44 (0) 20 7494 9399 extensive enabling works Michael Purefoy, R&F’s exciting to be able to start • Landlord and Tenant advice activities they can take part m +44 (0) 7889 164772 under a pre-construction sales and marketing director, the construction works so in and become part of the • Research and statistics e [email protected] services agreement. Ardmore added: “After almost two soon after demolition works community,” said community director James Byrne said: years of hard work bringing were completed.” • Founder member Develop Croydon w sinclairclark.co.uk manager Dheraen Quick. All change: No.26 has taken in its first residents “The redevelopment of this fantastic project to

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IN BRIEF M&G make Citylink is Segro branches out in Croydon Huge boost for a profit on sold off in SEGRO has expanded its A NEW industrial and involves the creation of six new development across 4.4 area, access arrangements well-maintained landscaping Greater London portfolio logistics park in Beddington new modern units, offering hectares of land, with the and highways. will be an immense new-build £18m deal will provide a £65million flexible opportunities for units due to be ready for Prologis brings a wealth improvement.” On Prologis’ by £100million with M&G Real Estate has sold the PICTON has completed the investment boost in the area. businesses. occupation by autumn 2020. of experience in customer investment in the area, he off-market acquisitions, fully-let Renaissance office sale of the Citylink office Building work is due Prologis, a leading UK Sutton Council approved focused commercial property added: “Beddington is well including two units in block in Croydon to Royal building near to East Croydon to start on Prologis Park and worldwide developer the scheme in August, which by creating sustainable connected and we are sure Greenland Way. London Asset Management in station for £18.2 million. Beddington, in Beddington and owner of logistics includes the design of the buildings that are future- this scheme will play an The 176,556 sq ft of important role in creating a £59 million deal. The sale of the 48,000 facilities, utilised as a Lane, before Christmas and property, will create the building, landscaping of the proof and relevant to the businesses that will use them. new jobs and contributing to M&G bought the purpose- sq ft building, located on data centre and last-mile the local economy. built office block in Dingwall Addiscombe Road, which The company offers parcel delivery unit on Road, next to East Croydon Picton acquired in 2005 for Liftshare across all of its “Beddington is such a Beddington Industrial Station, for £33m in July 2013. £9.1m, reflects a net initial locations and Beddington diverse location with so much Estate, are Segro’s first yield of 4.8 per cent. acquisitions in Croydon. Park will be no different as potential. Compared to other Abstract Securities had the green scheme – which parts of London, Beddington originally bought the site out “The asset has performed is a vehicle sharing service has seen relatively little new of receivership in November well since acquisition Toys store given for employees – will be development in recent years. 2011 and decided to push in 2005 and the disposal implemented as well. We recognised that there on with an 102,275 sq ft follows the completion of a is a real need for modern speculative development. number of asset management new lease of life Oliver Bycroft, VP market sustainable buildings that initiatives,” said Picton chief officer at Prologis, said: Subsequently the Pension THE former Toys R Us unit offer operational efficiencies executive Michael Morris. “We are really excited to Protection Fund pre-let 40 at Purley Way is becoming and create a high quality get the ball rolling on this per cent of the building, Mott The offices were constructed a distribution hub after environment for staff.” new and exciting addition MacDonald took 20,997 sq ft, in 1986 and are let to the being bought by Nuveen’s in Beddington. The creation “We are delighted to be comprising the entire fourth Royal Bank of Scotland Janus Henderson Investors. of Prologis Beddington able to bring Prologis’ floor, and Solium took 10,400 Group and Fairfield School of Asset and property Park will see significant customer-centric approach to sq ft in the building. Business. Picton says it was management company FI regeneration of the area. Beddington and look forward Knight Frank advised M&G sold with 10 per cent vacancy Real Estate Management to engaging with local and the potential for vacant “We are confident the with Savills acting for Royal sold the premises for businesses to discuss their possession in 2022. high-quality design and London in the deal. £16.1million in May. Investment boost: Impressions of the new modern units being built on Prologis Park requirements.” Yielding a profit:The Citylink building near to East Croydon railway station Demand for Grade A offices remains high

S 2019 draws to BY VANESSA voids and impact positively on a close and the CLARK rental levels. annual statistics There is a list of occupier are compiled it Director and requirements stretching into is notable that owner of 2020 and beyond as occupiers ACroydon has suffered its worst search for good product ahead Sinclair Clark commercial take up in well of their need to move and this over a decade of just 50,000 is particularly relevant for the sq ft to date. By comparison larger enquiries such as the the lowest previous years the main driver of demand Home Office and undoubtedly were as follows: currently which is structural South Bank University change/lease events such as amongst others. 2008 75,651 breaks and expiries. Behind Rental levels for the best 2012 69,912 the scenes a swathe of lease renewals are being negotiated office buildings stand at 2011 66,845 helping to retain vital £34-£35 psf and, as further evidence of the appetite The highest take up was in indigenous occupiers, many of from investors for the town, Business hub: There is a focus on Purley Way at this year’s Develop Croydon Conference 2016 and included the letting whom are household names. Renaissance on Dingwall to HMRC who took circa such as LV, Mitsubishi, Road was sold recently by 180,000 sq ft: Network Rail, and more. It is expected lease renewals will M&G to RLAM at a figure of Industrial & logistics units Price’s perfect conference fit 2016 409,789 have added in excess of 100,000 £59m on the back of £12 psf. From 13,820 sq ft to 146,120 sq ft rental growth over a 4/5year It is easy to blame this sq. ft this year. Not a shabby period, reflecting a sub 5% A FAMILY-run kitchen developer Brick by Brick, Chris Price, managing fall on current political performance at all from yield. manufacturer is playing a have put a show kitchen on director of Price Kitchens, and economic woes and, Croydon! big part in Croydon’s future display in Fairfield Halls to said: “As a Croydon-based undoubtedly, uncertainty has Requirements over the last There is a golden helping to showcase and be auctioned off in aid of company playing a part in the a role to play. But the other opportunity for developers celebrate the borough’s next year’s Mayor of future of the borough, we’re few months demonstrate issue is lack of Grade A stock, success with the right level brave enough to invest their growth opportunities. Croydon’s charities. delighted to give our support new build large floor plates time and finances, in the sure to the conference. of product. An example is Price Kitchens, which The company does not just with trendy environments Renaissance, which could be knowledge that occupiers this year celebrates its design and deliver bespoke “It is always an informative seeking good product at for graduates who will not let three times over. Other Jamie Hargreaves Alice Hampden-Smith John Madocks Wright 40th anniversary, is one of kitchens for homes. It also event for all attending compromise on their work a level which massively successes are where landlords 07468 711 232 07508 371 884 07807 999 635 the sponsors of this year’s designs and builds bespoke with some fascinating environment. undercuts the central London are being savvy and adding [email protected] [email protected] [email protected] Develop Croydon Conference. bedrooms as well as fitting discussion about the exciting You could be forgiven for amenities to their buildings markets will be tempted to Of particuar relevance kitchens for schools and opportunities for Croydon. thinking that demand has such as LaSalle’s Sunley relocate to Croydon. This, this year is a debate looking community centres. “As a family-run business, dried up. However, far from House which has attracted alongside a local authority at how the Purley Way can Using the latest technology, we know the importance of drying up, there is ample MYPT Gym to the entire who are not only keen to balance its current retail and everything is manufactured communities and are proud evidence of the increasing lower ground floor, similarly encourage investment from industrial offer alongside in-house to ensure it meets to donate a kitchen to be attraction of Croydon. at 69 Park Lane where CEG the private sector but lead by their own actions in investing new homes. the needs of the customer, auctioned off in aid of the Take up statistics mainly are upgrading the structure in the fabric of the town. Time and can supply state-of-the- Mayor’s charities, which record new lettings, but what and adding amenities. For Price Kitchens, which will to book that Pre Application art appliances to be fitted at make such a difference for they tend to exclude is the buildings with pro-active be designing and delivering meeting? kitchens in homes built by the same time. people across Croydon.” underlying activity created by landlords this will reduce 12

Banksy sells off his products in Croydon Ten years of change BY RICHARD PLANT Partner, SHW and Develop Croydon Forum chair

O much has happened in Croydon over the past 10 years and the transformation has Scontinued apace. When the first Develop Place to be seen: When Banksy set up shop for a fortnight he Croydon Conference decided to do it in Croydon took place the town had experienced a period of CROYDON cemented its after-dark viewings as the stagnation with so many reputation as the cultural ‘best’ way to see the goods). buildings that had outlasted centre of south London as it The pavement outside their usefulness and with a was chosen by Banksy to play frequently saw queues up real image problem. host to his Gross Domestic as far as Primark as Bansky How inspiring it is to see Product store. fans travelled into Croydon the view from the window Viewing the town: Richard Plant (left) speaking at one of the Croydon Investor Tours Overnight a derelict for the opportunity to view of SHW’s Park Lane offices shop in Church Street was the window-shop exhibition. rapidly changing. We regularly and the pomp and ceremony station in all kinds of work meet the new demands of the transformed into a showcase Items included welcome take photographs of that brought about by the grand attire every morning is a retail market to ensure its fit for some of Banksy’s most mats made from life vests skyline and it is so exciting reopening of Fairfield Halls demonstration that a whole for purpose and becomes the iconic works, many of which salvaged from the shores of to see the constant movement by Dame Judi Dench. range of companies big and jewel in the crown. were due to be sold online the Mediterranean, which of the cranes and rise of the small see it as the perfect as part of a legal dispute to have been hand-stitched by developments skywards. New residents continue Develop Croydon promotes protect his copyright. to choose to make Croydon place to have their business. Croydon to investors and women in detainment camps This year alone we have their home – many of those We also had the opening of takes the message to London Items on show included a in Greece. seen the scaffolding go up on the kind of people that would a Banksy shop in the town and MIPIM as well as being stab vest Banksy designed for There were also disco balls St George’s Walk as Ardmore previously have set up in the centre. Croydon has now a source of information for rapper Stormzy’s headline act made from police riot helmets begin the first phase of the likes of Balham or Clapham become a place where it’s cool companies interested in at the Glastonbury Festival, and a toddler’s counting £100million redevelopment of or Streatham – and this is to be seen. Croydon. a Tony the Tiger rug and a toy where children are Queen’s Square, the topping a good place to point out it cradle surrounded by encouraged to load wooden out ceremony on the twin It barely needs repeating It’s amazing how far we really is about time that a CCTV cameras. migrant figures inside a towers being delivered in but the missing piece of the have come and exciting place with better connectivity Security guards were posted haulage truck. Banksy said super-quick time by Tide jigsaw is the redevelopment how far we still have to go. with many Zone 2 locations as crowds and even school proceeds would go towards Construction in George of the retail core by the That influence remains as should officially be brought trips flocked to the venue buying a new migrant Street, the impressive facelift Croydon Partnership which important now as it ever has into Zone 4. which remained lit day and rescue boat to replace one of Carolyn House from a tired we have long been promised. and we remain committed to night for two weeks (after allegedly confiscated by office block into a super- The number of people It is understandable that the fulfilling that role into the Banksy himself encouraged Italian authorities. modern residential complex flooding out of East Croydon scheme is being changed to 2020s and beyond.

PINNACLE pinnacle

STRON G GROUP