Croydon Council has granted planning consent for the development by Minerva plc of 'Park Place', a major regeneration project totalling over 122,000 sq. m. As part of the project, Nestle’s Head Office will be redeveloped and refurbished to provide 15,000 sq. m. of office space.

The new development, which will be known as "Park Place", comprises a three level shopping centre (including 110 new shops), a new public square with cafes and restaurants and a new modern car park. The town centre will also get a new bus interchange, in order to promote the use of public transport, and a larger town centre tram stop. The pedestrianised public open space will also be improved.

Andrew Rosenfeld, Chief Executive of Minerva plc, commented: "Croydon is one of the most important retail locations in the south of England with a large catchment population that requires a full-range of quality shopping. We are delighted that our proposals have been accepted by important businesses such as Nestle and that the Council have now endorsed this. Our development represents one of the UK's largest town centre regeneration projects and we look forward to completing preliminary work and starting on site as soon as possible."

Anna Lagerkvist