Croydon’s £5.35 billion regeneration

Croydon is set to be the centre of one of the largest regeneration projects in London. The local Council revealed that they are embarking on a landmark £5.25 billion project to make the area and the wider Borough a cultural centre that is attractive to residents as well as businesses. It would be a welcome renaissance for the region.

The fortunes of Croydon have changed dramatically over the years. The area was once a thriving medieval market town. It grew substantially in the 19th century as a result of the arrival of the railways and other improvements in communications. In this time there were many impressive buildings in the area, showcasing wonderful architectural talent.

The town changed a great deal as a result of fires and the bombing done by the Luftwaffe in World War Two. This left much of the architecture damaged or completely destroyed. After the war rebuilding began. Planners used a lot of concrete at this time because the material was cost effective, flexible, and incredibly strong. Sadly this earned the area a reputation as a grey town.

Over the last ten years Croydon has enjoyed a big change of fortunes. It has proven to be attractive for residents, businesses and investors alike, particularly because of the value on offer in terms of property prices. This has resulted in big interest and made the town one of the best hotspots in the whole of the UK.

The project to regenerate Croydon is being praised because the aim is to create homes, jobs and preserve the cultural heritage of the area. One of the centrepieces of the project will be the preservation and modernisation of Fairfield Halls. The venue was built in 1962 and the £30 million investment will help both retain and promote it in the future.

At Finefair we offer a wide range of services in Croydon, including working as a lettings agent and supporting all kinds of investors. We are excited for the regeneration work and the big benefits it will bring to the area. It will be incredible to see how the area looks and feels when it does become a centre for culture.