BOXPARK IMPROVES THE VALUE OF SURROUNDING AREAS.

SINCE CROYDON WAS ANNOUNCED IN 2015, THE ADJACENT COMMERCIAL DEVELOPMENTS HAVE SEEN A SIGNIFICANT UPLIFT IN VALUE:

HIGHEST ACHIEVED GRADE A RENTS IN ADJACENT SITES JUMPED FROM £23/SQ. FT. TO £35/SQ. FT.

COMMERCIAL OFFICE VACANCY RATES DROPPED FROM 50%* TO 4%

OVER 600,000 SQ. FT. OF NEW GRADE A OFFICE SPACE WAS DELIVERED OR UNDER DEVELOPMENT.

THE COUNCIL ESTIMATES THAT BOXPARK GENERATED IN EXCESS OF £9 MILLION PER ANNUAL GVA, WITH A MUCH BIGGER DIRECT CONTRIBUTION TO THE LOCAL ECONOMY.

A SERIES OF MAJOR BUSINESSES HAVE RELOCATED THEIR LONDON HQS TO CROYDON, INCLUDING SUPERDRUG AND HMRC, THE FIRST MAJOR BUSINESSES ATTRACTED TO CROYDON SINCE THE 1990’S.

CROYDON WAS NAMED ONE OF THE TOP THREE PERFORMING BOROUGHS FOR HOUSING VALUE INCREASE IN 2016, WITH MORE THAN 2,000 HOUSING UNITS BEING BROUGHT FORWARD IN SCHEMES ADJACENT TO AND DIRECTLY BENEFITING FROM BOXPARK’S AMENITY OFFER.

BOXPARK CREATED MORE THAN £10 MILLION AVE (ADVERTISING VALUE EQUIVALENCY) OF POSITIVE PUBLICITY FOR CROYDON.

CROYDON WAS NAMED AS THE UK’S FASTEST GROWING ECONOMY IN A REPORT IN SEPTEMBER 2016.**