Croydon – One Of The Top Commercial Property Districts In The South East?

Croydon could fast become one of the top commercial property districts in the South East, after London of course.

According to a new report published by centreforcities.org, ‘Croydon is an important economic contributor within the south-east and more private sector employers need to be encouraged to develop there.’ The report noted that, during this period of public sector cuts, it is important for private companies to develop and fill the void.

This is where Croydon comes in. These newly developing firms are looking for a commercial property base near the capital, but at the same time require serviced office space where the rent is cheaper than that available in central London.

The report by centreforcities.org boasts, ‘Croydon is no longer the ‘back office’ of London and is a well-connected business hub.’

Added to this, Croydon has recently announced its intention to bid for city status. The borough hopes to be named London’s third city during the Queen’s Jubilee year in 2012. With London Mayor, Boris Johnson, giving his backing to the bid, this dream could well become a reality. Johnson declared, ‘I like what they are doing in Croydon, you can’t fault it. Croydon is the third city of London, it is going to be.’

With £3.4million regeneration plans afoot, Croydon really an exciting place for business to be. Croydon Council said: ‘The town centre regeneration and improvement projects, will transform the current tired concrete jungle of 1960s buildings, underpass and subways into an exemplary urban space of the highest quality. It will be an attractive, vibrant and people friendly space that’s full of life and activity.’ Included in these plans will be the construction of many new commercial properties, which will house state of the art serviced offices. It is hoped these developments will make Croydon a place of commercial opportunity.

The plans for new commercial property and residential developments could well make Croydon the next fashionable borough of London.

 

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