finance
Croydon Commercial Developments: Market Trends and What Businesses Need to Know Right Now
Recent planning consents and project starts are reshaping available space and opportunities for retailers, logistics operators and service providers in the borough.
How we reported this
The Croydon Partnership, involving Westfield and Hammerson, has received outline planning consent for the £1.4bn redevelopment of the Whitgift Centre, targeting over 1.5m sq ft of retail and leisure space along with up to 7,000 new jobs. Construction is now scheduled to begin in 2028 under revised mixed-use plans that emphasise residential units, community spaces and healthcare facilities alongside retail elements.
Whitgift Centre Redevelopment
Businesses considering retail or leisure locations should note the shift toward integrated residential and healthcare components in the Whitgift Centre scheme. The outline consent covers a large site in central Croydon and sets a 2028 start date for on-site works, which will affect timing for any firms planning moves or expansions in the area.
New Logistics Development on Factory Lane
CBRE Investment Management and Chancerygate have begun construction of The Works, a 93,000 sq ft Grade A urban logistics scheme on Factory Lane. The project will deliver 15 leasehold units with green energy features, providing immediate options for distribution and light-industrial operators seeking modern premises in the borough.
Platform for Vacant Premises
Croydon Council and Develop Croydon have launched the Croydon Commercial digital platform to list vacant shops, offices and industrial spaces. The tool is intended to connect businesses directly with available properties and support local economic activity amid the ongoing pipeline of schemes.
Additional projects include the St Michael’s Courtyard redevelopment behind West Croydon bus station, which will deliver 232 homes plus shops and cafes, together with work at Purley Pool and Selhurst Park expected to advance or finish in 2025. These schemes add further commercial floorspace and footfall drivers in their respective locations.
Businesses evaluating Croydon locations can use the new platform to review current availability while monitoring the 2028 Whitgift Centre timeline and the Factory Lane units now under construction. Firms should review lease terms and sustainability requirements early, given the green energy specifications already incorporated in the Factory Lane development.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.