Home South London Croydon Bust: 27 things that will not now get built because of...

Croydon Bust: 27 things that will not now get built because of Croydon’s disastrous cash crisis

55
23 flats were proposed for King Henry's Drive / Gascgoine Road

Croydon Council is set to vote on closing down its controversial developer Brick by Brick.

The council-owned developer had a series of sites in the pipeline but only the ones set to be completed by October 2021 will go ahead.

The council has loaned the company £200 million and it is one of the reasons the council is currently facing a financial crisis with a black hole in the budget meaning extensive cuts to services.

Brick by Brick was set up in 2016 with the aim of building 500 new homes a year. It has so far completed 319 homes across 15 sites and 42 council homes.

The developer currently has more than 500 homes under construction.

But now Croydon Council is looking to wind down the company meaning 27 projects which were in the pipeline to be developed will not go ahead. These include nine in New Addington and six in the Shrublands Estate.

Read More
Read More

The council will now be deciding whether it will sell off the sites or essentially leave them as they are.

The 27 developments that will not be pursued by Brick by Brick are:

South Croydon

Land at Freelands Avenue

Garages and a car park at Heather Way

Garages in Tedder Road

Garages at 9 Bramley Hill

Garages at 18 Bramley Hill

New Addington

Garages in Thorpe Close

Two sets of garages in Redstart Close

Garages in Comport Green

Two sets of Garages in Calley Down Crescent

Land between King Henry’s Drive and Gascoigne Road

Land near Tudor Academy, King Henry’s Drive

Garages in Kennelwood Crescent

23 flats were proposed for King Henry’s Drive / Gascgoine Road

Shurblands Estate

Garages at Bracken Avenue

Garages in Erica Gardens

Garages in Border Gardens

Garages in Bramble Close

Garages in Fir Tree Gardens

Land at Laurel Crescent

Upper Norwood and South Norwood

Garages in Bedwardine Road

Garages in Arkell Grove

Land adjacent to Brickfields Meadow

Waddon and Central Croydon

Former social club in Tamworth Road

Infill development at Duppas Hill Terrace

It also means an ambitious plan, which was approved in April 2020, for more than 400 flats on land between Fairfield Halls and Croydon College will not be developed by Brick by Brick.

The aim of this scheme was to fund the refurbishment of the arts venue.

The council has still not handed over this site to the developer and will now try and sell it on to recoup some of the £59 million it loaned to the company for the project.

A review of Brick by Brick was carried out by PriceWaterhouseCooper (PwC) and is set to go to the council’s cabinet next Thursday (February 18).

Colm Lacey, chief executive Brick By Brick, said: “The cabinet report highlights that the council, as shareholder and funder of Brick By Brick, is no longer in a position to invest in development via Brick By Brick as originally envisaged in the 2020 Business Plan as the risk profile is now too great for its current financial circumstances.

“For this reason the report recommends that Brick By Brick continues to develop out the sites currently in contract to completion. At the same time the council will explore the sale of the company. A range of sites that were being investigated for development by BBB will now be reviewed by the council to determine future possible use. Brick By Brick will continue to assist the council to explore and enable these options.”

Get in touch with our reporter with your Croydon stories at tara.o’[email protected]