Listen: Bromley £1bn regeneration ready for business says Councillor Carr



Bromley is open for business. That was the message from today’s Invest Bromley conference hosted by the council in a bid to snag a few developers for it’s £1bn town centre regeneration (£) with 12 sites identified as ripe for regeneration (scroll down to the end for the full list).



They’d hauled in the heavy weights with mayor Boris Johnson on hand to drum up enthusiasm. But Cllr Stephen Carr, leader of London borough of Bromley was also banging the drum pretty loud. For example, on CPO: “Make no mistake,” he said in the break, after all the big speeches were over, “we’ll be using our powers”. The council is not afraid of helping developers – even with it’s own cash – and Carr pointed to CSC’s The Glades shopping centre which it still has a 15% stake in. 


He brushed aside questions on whether it was the right economic climate to be launching such a grandiose plan stating : “development has never been cheaper”. So too for worries over what had happened to Croydon (which has tried and failed to launch it’s own regeneration). And, as if the 12 sites weren’t enough Bromley will be tackling getting a DLR extension (and possibly a Bakerloo line extension which is being considered by TfL according to @InvestBromley on Twitter). Carr says TfL have marked it as a project that is beneficial to London, “but it will need to wait until the Olympics is over and we can really push” he said. 


Listen below to hear all of Bromley’s plans and why developers should be interested:


Timeline
18months split as follows:

Masterplan finished in next 3 months
OJEU by Christmas
Development partners signed in 3-4months after this


Bromley’s sites;


Bromley North improvement of the station, long term objective to get DLR extension
Old Town Hall hotel and conference centre planned. Exclusive agreement with The Land Group
Pavillion project with the council and Bromley MyTime will include bowling alley and soft play area
Civic centre campus 
Bromley South station  upgrade the station, add lifts. Long term objective to sell the air rights for a mixed use scheme
Westmoreland Road or site K, Cathedral Group have plans for a cinema, restaurants, shops and residential 
Old Crown building  on southern edge, RBS currently anchor this and have now made a commitment to consolidate all of its insurance business on to this site
Queens Gardens food and beverage development 1000 sq m on the hard standing areas backing onto the Glades
Churchill Place West of the high street, massive plans to put a major commercial development, 3.58 hectares with up to 20 000 sq m comparison retail, this is a priority above all others
Churchill theatre and library option to refurb or redevelop
Bromley North Village has received cash from Boris’ outer london fund

About Nadia Elghamry

Data Editor and deputy Regional Editor at Estates Gazette with more than 15 years experience in business journalism. I currently look after Property in Numbers and the month in numbers section of the magazine as well as drawing out stories from the numbers for every section of the magazine. As deputy regional features, working on the Focus features section of the magazine, hosting our receptions around the country and writing for the Focus blog.