American giant Greystar is reportedly in advanced talks to buy what will be the world’s largest modular tower in Croydon.
Tide Construction’s proposals to build a 44-storey pre-fab tower on the former Essex House site near to East Croydon station are scheduled to go before Croydon’s planners on November 30.
The 546-flat tower will ultimately be worth in excess of £150million and is seen as a trailblazer for modular construction methods.
Tide developed the 28-storey Apex House, featuring 558 rooms, in less than a year. That development, in Wembley, is currently the tallest modular tower in London.
Tide has worked with Greystar before, delivering its 636-bed student scheme in Lewisham, and is the construction partner for a 306-bed scheme in Acton.
Bedford-based Vision Modular Systems is behind the fast-track construction method which means modules arrive on site fully fitted.
Tide says the modular building programme results in a 60 per cent time saving with 80 per cent fewer vehicle movements.