Regeneration project: Ruskin Square - London (GDV £750m)
Published 12 February 2015
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1. Facts about the development project
| GDV | Development Type | Commencement Date | Completion Date |
|---|---|---|---|
| £750m | Retail, Residential, Commercial | Q4 2014/15 | Q3 2018/19 |
| Planning Status | Project Status | Development Stage | Region | Location |
|---|---|---|---|---|
| Outline | Seeking Investment | Planning Approved | London, England | Croydon |
2. Opportunity for investors
Just 13 miles south of central London, with a growing population and excellent transport links, Croydon is full of potential. The next five years will see more than £2bn invested in Croydon town centre to create new commercial, residential, retail and cultural developments and dramatically improve its public realm and infrastructure. Westfield/Hammerson is also building a major new shopping centre in the town.
One of the biggest town centre development opportunities is Ruskin Square, adjacent to the newly refurbished East Croydon rail station. It is a key part of the town’s regeneration programme.
3. Detail
Ruskin Square offers a unique opportunity for an investor to gain first mover advantage by funding the first office building. This major 180,000 sq ft urban scheme has planning consent for up to 2.5 million sq ft. It is mixed use with offices, residential, retail and external areas of new public realm and is at the heart of Croydon’s Central Business District regeneration.
There are two main railway stations, East Croydon which offers fast (15 minutes) and frequent links to central London, the south coast and Gatwick Airport and West Croydon, providing a swift commuter link to central London.
Schroder and Stanhope both offer an excellent track record with over 30 years’ experience individually and together. Key joint developments in London include Chiswick Park, while Stanhope’s solo projects include Broadgate and Paternoster Square in the City.
Other projects also require investment or development partners.