Cordatus Plans to Convert Brutalist Croydon Offices
The following news item appeared in Property Week on the 6th August 2015…
Cordatus Real Estate is planning to turn one of the tallest office blocks in Croydon into 249 flats.
The asset manager has submitted an office-to-residential conversion application to Croydon Council in relation to the 20-storey Leon House, which was built in the mid -1960s and is regarded as one of the town’s most striking examples of brutalist architecture.
Croydon has been one of the most popular locations for residential conversions as developers have taken advantage of permitted development rights (PDR) to turn redundant offices into flats.
However, Croydon Council is looking to opt out from the office-to-resi PDR’s next month because of concerns the powers are being overused. This has prompted a rush of office-to-resi applications recently, including plans to convert Lunar House and Appolo House into 1,500 flats.
Cordatus submitted the application on behalf of receivers. Last sold for 52.3m, Leon House was part of Mapeley’s Gamma portfolio of offices that fell into recievership in 2012