Renaissance Development Croydon, Dingwall Road Building, Design, News, Proposal

Renaissance Croydon, London : Dingwall Road Development

Croydon buildings, London, England – design by Andrew Lett Architects

3 Apr 2012

Croydon Renaissance Development

Detailed Planning Consent Granted for Renaissance Croydon

PLANNING CONSENT GRANTED FOR ABSTRACT SECURITIES’ ‘RENAISSANCE’, DINGWALL ROAD, CROYDON

Design: Andrew Lett Architects

Abstract (Croydon) Limited – a wholly owned subsidiary of Mark Glatman’s Abstract Securities – has announced that detailed planning consent has been granted, for a speculative high quality office scheme, ‘Renaissance’ at 9-16 Dingwall Road, Croydon close to East Croydon station. The company will build 100,000 sq. ft. of ‘Grade A’ office space on the 1.13 acre site with rents from just £22 per sq. ft. – significantly undercutting rental levels for other prospective new builds in Croydon and the South East and representing the most cost effective new build offices within the M25.

Abstract Securities’ new development for East Croydon:
Renaissance Croydon Renaissance Croydon Development
pictures from architects

The building will offer an extremely high specification and will comprise five floors offering well designed, very flexible floorplates of 20,000 sq. ft., which will be easily capable of subdivision. Now that planning consent for this landmark development has been granted, work is likely to start on site in May with the development ready for occupation by August 2013. The building is targeting a BREEAM 2011 ‘Excellent’ environmental accreditation and will be one of the first speculative office buildings in the UK to achieve this standard.

Abstract’s new building will sit directly opposite the Schroder / Stanhope Ruskin Square site at Croydon Gateway and within easy access of the Town’s retail facilities. The site is just a two minute walk from East Croydon Train Station, which offers easy and fast access to Central London, with frequent trains taking just 16 minutes to reach London Victoria and 14 minutes to London Bridge. In addition, there are excellent public transport links to London Gatwick and to the UK rail network via Thameslink services.

Croydon Council has announced a significant regeneration boost to transform Croydon, having secured funding from the Mayor of London while there are ongoing discussions regarding a significant redevelopment of the retail centre. The Council’s programme of regeneration will comprise a spend of £23m that will be used to implement projects within the Town and to improve public transport links. Included within these measures are works which have commenced for the new footbridge at East Croydon station to Dingwall Road that will allow commuters easy access to the Town Centre further enhancing the prominence of Abstract’s new development.

Abstract’s Development Director, Christopher McPherson, said: “Croydon Council has recognised that in order to retain existing occupiers and attract companies from Central London facing high rental costs for offices that could easily be located here, it is imperative that Croydon can offer high-quality ‘Grade A’ office accommodation at an achievable cost. This will be the first speculative office scheme in Croydon for almost 20 years and befits the fabulous transport links and infrastructure offered in this location. We acquired the site on 6th January and it is a significant achievement to have obtained a detailed planning consent so quickly. We look forward to starting development soon’’.

Mark Glatman, Chief Executive of Abstract Securities, said: “We are pleased to announce that we achieved planning consent having purchased the site in East Croydon. Along with Croydon Council’s regeneration plans, and plans to significantly improve the retail centre, we believe new and existing occupier demand for this quarter will be high as it will offer one of the best value offerings within the whole of the M25 office sector. Opportunities to locate to such high quality space at such reduced costs in Croydon will be rare, perhaps even non-existent, in coming years, so we anticipate high demand for the scheme, particularly with Croydon set to benefit from extensive investment over coming years.”

The building has been designed by Gary McCarthy at Andrew Lett Architects. Agents Sinclair Clark and Knight Frank have been appointed to market the new office scheme.

Renaissance Croydon Development images / information received Apr 2012

Established in April 2000 by Mark Glatman, the Abstract Group of Companies specialises in commercial property investment, development and venture capital financing. The management team at Abstract brings together combined experience of over 6 million sqft of business space development across the UK and Europe. The team is highly experienced at working directly with major property owners and corporate end users, handling all aspects of their property requirements.

Location: 9-16 Dingwall Road, Croydon, London, England, UK

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