INDUSTRY NEWS

Croydon could get top tower

London’s highest residential tower could be built in Croydon, Property Week has reported.

Regeneration company Menta is about to submit plans for a £500 million mixed-use scheme – it features four towers, with one 52 storeys high.

Menta director Craig Marks said: "The proposals have been developed to fully support Croydon Council’s Vision 2020 and will contribute to a more attractive, cohesive and user friendly centre."

It hopes to develop an area next to East Croydon Station at Cherry Orchard Road. When complete, the scheme would provide 1,300 new homes, 350,000 sq ft of new offices as well as shops and cafés.

Magenta had to resubmit the plans after locals complained the towers would restrict daylight – it moved the tallest building and now hopes to start work in mid 2009.

The current UK housing shortage is particularly acute in the south-east. The government is investing in new developments in the Thames Gateway hoping to improve the situation.

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