Park Place has been granted detailed planning permission by the London Borough of Croydon. When completed it will provide 900,000 sq ft of accommodation, comprising principally of retail space and restaurants. A key component of the retail space is the provision of a new full range department store. John Lewis has recently confirmed its requirement for 240,000 sq ft for Croydon and a regional store of this size can only be accommodated on the Park Place site.
Artist impression of Park Place
On 6 March 2007 the Secretary of State confirmed the use of CPO powers to acquire the remaining land for the development. This is a major milestone for the scheme and will now enable Minerva and Lendlease to gain vacant possession, in readiness for the start of demolition and main construction works.
Designed by the leading international architects RTKL, this scheme will provide both the large retail units and the necessary mall environment needed to re-establish Croydon as a Top 10 retail destination within the UK, and the largest and most efficient center within South London.
Situated in the heart of the town it will offer excellent access by car, rail, tram and bus and improved existing pedestrian routes for the high footfalls expected. The area of the proposed development together with the roads affected by the scheme will occupy some 8.5 hectares.
The entire development is scheduled for completion 2012.
Source: Minerva Plc