Croydon Gas Works site transformed into £25m business hub
The 'The Works' development on Factory Lane provides 15 units for small and medium-sized businesses.
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A new business development named 'The Works' has been completed on Factory Lane, on the site of the former Croydon Gas Works. The £25 million urban logistics scheme comprises 15 units intended for small and medium-sized businesses. The project marks the transformation of a brownfield site that previously housed gas holders from 1895.
Development Details and Delivery
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The development was delivered by property developer Chancerygate in partnership with global real assets investment manager CBRE Investment Management. Demolition work on the original gas holders commenced four years ago, with the site having been unused for an extended period. 'The Works' is situated in an industrial area that includes facilities for Tesco, Sainsbury’s, Royal Mail, and Decathlon, and is located less than half a mile from the nearest tram stop.
Tom Faulkner of Chancerygate stated that 'The Works' is Croydon's first new multi-unit urban logistics scheme to be finished in ten years. He added that the focus was on providing small and mid-sized units due to a recognised shortage of quality space for SMEs in Croydon and south London. The development includes fitted first-floor offices in all units, electric vehicle charging points, secure parking for 76 bicycles, and an outdoor seating area.
Sustainability and Heritage
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The community land trust will deliver eight affordable and six market-rate homes at 31 Daleham Gardens.
The buildings are constructed using high-performance materials designed to reduce carbon dioxide emissions. Solar panels have been installed to provide affordable green energy for occupiers. The development has achieved a BREEAM rating of 'Excellent', with all individual units certified as EPC A+. Landscaping features include 61 semi-mature trees, bird and bat boxes, and a garden area with seating.
To acknowledge the site's industrial history, Chancerygate collaborated with local artist group A Collective to create a large-scale public artwork displayed at the entrance of Factory Lane.
Questions this report answers
+What is the total cost of the new business development in Croydon?
The urban logistics development, named 'The Works', has a total cost of £25 million. This investment has transformed the former Croydon Gas Works site on Factory Lane into a hub for small and medium-sized businesses.
+How many business units are available at 'The Works' development?
The 'The Works' development provides 15 individual units. These units are specifically designed to accommodate small and medium-sized businesses looking for commercial space in the Croydon area.
+What sustainability features does the new development include?
The development has achieved a BREEAM rating of 'Excellent' and all units are certified EPC A+. It incorporates high-performance materials to lower CO2 emissions, solar panels for green energy, electric vehicle charging points, and extensive landscaping with trees and wildlife boxes.
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