Telereal Trillium has sold its residential development site in the London Borough of Croydon to Bellway.
The sale of the scheme, for which Telereal Trillium has secured detailed planning approval, will bring forward the site.
Plans are in place for a residential-led regeneration scheme that will see the former Croydon job centre on Dingwall Road, which has been vacated by the Department for Work and Pensions, converted into 181 new apartments across two towers of 9 and 24 storeys.
The planning consent also provides for flexible commercial space at the ground and lower floors, which could include a new town centre restaurant, café or bar. The high rise scheme was given planning permission in May 2018 by Croydon Council and approved by the GLA in October 2018.
Duncan Brisbane, Development Director at Telereal Trillium said: “We are delighted to reach agreement with Bellway Homes, which will hasten the delivery of much needed new homes for new and existing residents. Telereal Trillium has worked closely with the local planning authorities to set the scene for a sustainable development that will bring a vacant and unused site back into viable use.
Telereal Trillium has a strong relationship with Bellway, where we already have two Joint Ventures in Leeds and Harrogate, and have sold them a number of sites in the last few years.”
Ian Gorst, London and South East Regional Chairman of Bellway, said: “We plan to provide a selection of new homes which will greatly improve the area and bring much needed housing to places that are increasingly desirable to reside in. We are delighted to have secured a deal to purchase the site and hope to start building homes soon.”
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