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Menta secure funding for Phase II of Regeneration Scheme at East Croydon

09 10 20 Menta secure funding for Phase II of Regeneration Scheme at East Croydon hero

Regeneration specialist Menta, advised by Colliers International, has completed on a funding deal with Mitsubishi Estate London to bring forward the next phase of their £350million regeneration project adjacent to East Croydon station.


Mitsubishi Estate London has agreed to forward fund two 25 storey residential towers. Once complete, the towers will provide 338 residential apartments, circa 20,000 sq ft of commercial space and dedicated resident amenities. The development will also provide a new entrance to the train station, connecting Cherry Orchard Road with east Croydon via a landscaped public square. The wider development also includes 118 affordable homes in a 11-storey block secured with Clarion Housing Group. Sir Robert McAlpine has been appointed as main contractor to deliver the scheme. Construction is due to start immediately with occupation anticipated in 2023.

Craig Marks, CEO Menta, said: “Having delivered the first phase of 300 new homes on the adjacent site, this further development, with an institutional investor, will help to deliver the East Croydon Masterplan. Together we will deliver 750 new homes, as well as valuable amenities and infrastructure improvements including the long-awaited new station entrance, providing residents with easy access to central London in less than 20 minutes.”

Andrew White, Head of UK Residential at Colliers, commented: “We are delighted to continue our relationship with Menta through Phase II of their East Croydon scheme.

“The timing of this investment fits well in the current market sentiment with an increased focus on regeneration within London’s commuter belt locations. East Croydon’s strong fundamentals of a growing population of young professionals looking for affordable accommodation with easy transport links to Central London make it an exciting place to live in.

“The residential sector continues to be resilient through these challenging times and we are proud to be a part of its evolution.”

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Andrew White

Head of UK Residential & International Properties Asia

Residential - Development

London - West End

Andrew heads up the UK Residential & International Properties (Asia) Department at Colliers and is a specialist advisor in residential and mixed use developments.  He has been involved in some of the largest and most complex sites within the U.K.

The Residential Department at Colliers comprises a market leading  team of  surveyors and advisers who focus on London, The South East and the Regions, advising  clients on their options for maximising value for their assets, including planning, development consultancy, Build To Rent, investment and disposal strategy and New Homes & Project marketing, both in the UK and Internationally.

Andrew has worked in the sector since 1994  having started his career with a large multinational real estate agency, then running his own land agency for 8 years before joining Colliers in 2013. He has advised government bodies such as the NHS, as well as family businesses, funds, charities, developers and companies on their strategy for disposal of their land holdings and property assets.

Clients include, Legal & General, the NHS, Royal London Asset Management, The Diocese of London, London Square, Telereal Trilium, Threadneedle, Aberdeen Standard, Greggs, Rexel and PSA Group as well as other large corporate landowners.

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Kim Inam

PR Manager

Marketing & Communications

London - West End

I'm a communications professional who has previously worked as a journalist for eight years covering a broad range of topics including politics, crime, health and housing in north London. In recent years I have worked in corporate communications for local authorities across London  and joined Colliers in October 2019, initially providing maternity leave cover.

I provide strategic public relations advice to various business lines within the UK organisation to secure recognition for their work in the property press as well as key target media, and work with our experts to produce thought leadership pieces which are of interest to our clients and colleagues within the commercial real estate sector. In addition, alongside colleagues in the PR and wider communications team, I provide media and social media training for our in-house experts to prepare them for media opportunities and raise their personal brand within the sector.

As well as supporting various teams within the UK business, I also I curate and edit regular content for the Colliers.com blog, which drives credible business leads to our experts.

 

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