March 1, 2013

Develop Croydon partnership investing in Croydon's future

(Virtual Press Office) A pioneering private-sector led partnership approach will help Croydon to showcase its regeneration potential to the world this month.

For the third consecutive year, private sector developers and other related businesses have come together under the Develop Croydon banner for the greater good of the town in an attempt to secure new investment.

The town's most influential companies represent Croydon at the MIPIM festival in Cannes, France, from Tuesday, March 12 to Friday, March 15, 2013, with a stand in the London Pavilion.

And Develop Croydon has announced it speakers for a keynote address, entitled 'Croydon Delivering Change', which will take place on the Main NLA stage on Wednesday, March 13 at 4.30pm. They are:

Mike Kiely, head of planning and building control at the London Borough of Croydon;

Peter Cole, chief investor of Hammerson, who will be speaking on behalf of Westfield and Hammerson's Croydon retail development;

Mark Glatman, chief executive of the Abstract Group, which is behind Renaissance – the speculative Grade A office development near to East Croydon railway station;

Robert Balick, senior managing director and head of real estate Europe for CarVal Investors who, with Canmoor, are behind the Interchange office development.

They will focus on the vision which is being currently delivered in Croydon, with large-scale office, residential and public realm improvements well under way and retail giants Westfield and Hammerson having come together to pledge a £1billion redevelopment of the town's retail core.

Nathan Elvery, the newly-appointed chief executive of Croydon Council, said: "Croydon has embarked on an ambitious programme to renew and improve its infrastructure and office offer.

"We are working with a broad range of private and public sector partners to implement our masterplans which we have developed collaboratively over the past few years.

"Signs of progress are already visible with a number of major schemes now in development. These include our civic hub and a new footbridge at East Croydon Station that expands capacity by 30 per cent and gives direct access to our office and retail districts.

"There is also the first speculative new grade A office building in Croydon for over a decade by Abstract Securities and the substantial remodelling of 200,000 square feet of Grade A office space by Canmoor/CarVal, large residential schemes from the likes of Berkeley Homes and Barratt, plus public realm projects to transform our public spaces.

"Our vision is to be recognised as London's most enterprising borough. That vision is being delivered. There has never been a better time to invest in Croydon."

This year's Develop Croydon representation includes Abstract Group, Berkeley, Canmoor Asset Management, CarVal Investors, Croydon Council Urban Regeneration Vehicle (CCURV), Guildhouse Rosepride, Hammerson, London Borough of Croydon, Menta, Mott Macdonald,, Schroders, Sinclair Clark, Stanhope, Wainbridge, Westfield and WT Partnership.

Similar delegations in 2011 and 2012 helped to raise Croydon's profile and attracted a string of enquiries from investors and developers with no previous history of investing in the borough.

For more details about Develop Croydon at MIPIM 2013 visit

For further press information, please contact:

John Payne,
White Label Consultants,
Tel: 020 8726 7968 (office)
07710 530167 (mobile)

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