Nestlé building in Croydon may be converted into housing
NESTLÉ'S headquarters in Croydon is likely to take on a new lease of life as housing after the confectionery giant moves to Gatwick towards the end of the year.
Confirmation that a conversion could be on the cards came this week from Charlie Walker, a director of Legal & General Property.
The company bought St George's House in Park Lane in January in a reciprocal deal which saw Nestlé taking a 20-year lease on Legal & General's City Place offices close to Gatwick Airport.
The housing idea would also dovetail with Croydon Council's aspiration's for town centre regeneration, which include providing an extra 7,000-plus homes.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Friday, May 31 2013
Mr Walker said Legal & General was waiting for the publication of the mid-Croydon masterplan in a couple of months' time before making any firm commitments to change.
But he said: "Residential is probably a good idea for that part of the town. It is central for public transport and it would be good for the restaurants and shops."
Realistically, Legal & General accepts that it will be difficult finding a new office tenant for a block close to its "sell-by" date.
Mr Walker said finding a new office tenant would be "challenging" for his company.
He added: "I believe a more immediate win for Croydon would see a move towards residential. We are doing preparation work around getting that idea moving."
A conversion would also provide a more immediate win for Legal & General, which is anxious not to be left with an empty block on its hands for any length of time.
Mr Walker said: "We certainly won't be sitting back."