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A new investment prospectus has been produced by Croydon Council with input from Vanessa Clark and will be launched at MIPIM 2012 to encourage private investment into Croydon. Click here to download the prospectus.

MIPIM2012

Sinclair Clark, part of Develop Croydon – a private-led consortium, will again be exhibiting in the London Pavilion at MIPIM 2012. For more information please click here.

New Acquisitions

Sinclair Clark are retained by Terrace Hill to seek 3 to 5 acre sites within the M25 and 7 to 10 acre sites within the Home Counties.

Camden Lease Renewals/Acquisition

Acting on behalf of Win Technologies Sinclair Clark have successfully renewed five leases within the Forum and Centro complexes in Camden as well as acquiring Unit 5 St Pancras Centre Camden. In all office space totalling 20,000 sq ft.

Abstract Group have now named the proposed development at 9-16 Dingwall Road, Renaissance

The design has been revised and the project is aiming for a new year planning application. Click here to download the CGI.

How east London should be attracting investment from overseas

So, how to attract those investors? East gathered a panel of experts, including Sinclair Clark's Vanessa Clark, to comment on how east London is – or should be – attracting such investment. Click here to read the article on page 16.

New instruction – Croydon

Sinclair Clark have been appointed as joint agents with Knight Frank by Abstract Security to market 9–16 Dingwall Road, adjacent to east Croydon station. Abstract is proposing a new 100,000 sq ft grade A office scheme at an initial rent of £22 per sq ft. News of Abstract’s investment in Croydon follows hot on the heels of Westfield’s announcement that Australian developer Westfield had entered talks to bring forward a major redevelopment of the south London town’s Whitgift Centre.

On Tuesday the Develop Croydon conference was also lifted by news that the GLA had set aside £23m to invest in Croydon following the August riots that damaged the town centre.

Take up of new space in Croydon has sunk to a record low of 61,000 sq ft so far this year, down on the 124,561 sq ft seen last year and the average pre-2008 five-year take up of 275,000 sq ft. According to agent Sinclair Clark, underlying this however there has been 1m sq ft of lease renewals in the last 15 months with major occupiers such as Mott McDonald, Mondial, Network Rail and AIG either having re geared their leases or entering into talks to do so.

There are a series of unsatisfied demands from significant long-term occupiers in Croydon for Grade A space, most notably from Nestle.

Established in April 2000 by former Akeler chief Mark Glatman, the Abstract group of companies brings together combined experience of over 6m sq ft of business space development across the UK and Mark Glatman, chief executive of Abstract Securities, said: “We have now exchanged a contract to purchase a site in East Croydon, just minutes from the train station, on which we will speculatively build 100,000 sq ft net of 'Grade A' office space. “We are at a point in time where, although quality and environmental performance remain key drivers for corporate occupiers, value for money is fundamental. By exercising tight design and procurement processes – especially in the purchase of land at the lowest point in the development cycle – we are able to bring both our Croydon and Glasgow developments to the market at exceptional rental costs, significantly undercutting both local markets, and with occupational costs that are likely to be lower than even refurbished second hand space. “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 both schemes, particularly with Croydon set to benefit from extensive investment over coming years.”

New instruction – East Thames Headquarters, Stratford, minutes away from the Olympic Park

Host your event within striking distance of the 2012 Olympic Games. Whether it's a breakfast briefing, conference or workshop, East Thames Headquarters offers a number of corporate venue spaces in a new modern building just a few minutes away from the main venues on the Olympic Park. Click here for more information.

New instruction – 96 George Street, Croydon

2,457 sq ft to 8,182 sq ft. Ground, first and second floor air-conditioned, refurbished office suites with secure underground car parking and offered in excellent order ready for immediate occupation. Click here for more information.

New instruction – Simpson House, Cherry Orchard Road, Croydon

2,542 sq ft to 9,879 sq ft refurbished air-conditioned offices. Features include: air-conditioning to second and third floors, swipe card entry phone system, basement storage accommodation available and on-site car parking. Click here for more information.

Sinclair Clark to launch new Croydon office market website

Sinclair Clark are launching a new web site www.croydonoffices.co.uk aimed at reaching footloose enquiries searching the web. To add your property on this new web site please contact Vanessa Clark on 020 7494 9399 / 07889 164 772 or email her at vanessa@sinclairclark.co.uk

MIPIM 2012

Sinclair Clark will be attending MIPIM representing LaSalle Investment Management on Kent Science Park, Kitewood on Altira Park, Herne Bay, Terrace Hill on various Kent land projects and as in 2011 Sinclair Clark is pleased to be sponsoring the Croydon stand.

News Archive

2011

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2010

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