4 May 2020
London Square has sealed a deal on the St Michael’s Courtyard site in West Croydon to create a development with a public square, shops, cafes and 232 new homes – with 55% set to be designated as affordable.
The one-acre site, located just next to West Croydon station, was acquired from Portman Square Holdings. London Square’s affordable housing division, called London Square Partners, will work with Clarion Housing Group to deliver their third scheme together.
St Michael’s Courtyard has a gross development value (GDV) of £90 million, which will form a major part of the West Croydon Masterplan and create a new gateway to Croydon Town Centre.
Planning is already in place for the development, designed by Assael Architecture. The residential element will feature two ‘handsome’ brick buildings of 21 and 25 storeys, while the 947 m sq of commercial space will boast retail and offices at street level and a new piazza opening up views to the listed St Michael and All Angels Church. Pedestrian links will also be created to the station and new shopping centre.
London Square Partners will work in partnership with Clarion Housing Group to deliver 128 shared ownership homes, alongside 104 apartments for private sale. The award-winning developer and housing association are already working together to create 100% affordable housing on schemes in Neasden and the second phase of a project in Staines-upon-Thames.
SHW acted for the vendors, Portman Square Holdings. Richard Plant of SHW said: “It has been a long and complicated deal. We are all delighted to see its completion and look forward to construction of the scheme to provide much needed affordable housing in the borough. St Michael’s Courtyard will significantly boost the regeneration of West Croydon.’’
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