Cheyne Capital has acquired City Link House, a vacant site in East Croydon, South London, in a £210 million deal. The investment paves the way for a new large-scale co-living development, forming part of Croydon’s ongoing regeneration.
The redevelopment plans include 485 co-living units, 84 affordable homes, and a mix of commercial and community spaces. The new scheme will also feature a range of resident amenities such as a gym and wellness suite, cinema, games room, and recording studio.
Designed with sustainability in mind, the development is targeting BREEAM ‘Outstanding’ and an EPC A rating. Both the construction and future operation of the site aim to prioritise low carbon use.
We are proud to support a project which can play a role in furthering the regeneration of Croydon, and will contribute to its vibrant business and living community. This project reflects Cheyne Capital’s continued commitment to the UK flexible-living sector, building on our involvement in landmark developments such as Ark (previously The Collective) Canary Wharf and Taxi House in Central London.
Matt Floyd, Development Manager, Cheyne Capital
The deal was brokered by CBRE and Springer Nicolas on behalf of Wittington Investments and development manager Fifth State. Legal support was provided by Gowling WLG for Wittington Investments and Fifth State, while DLA Piper advised Cheyne Real Estate.
This transaction highlights the continued market demand for best-in-class, purpose-built shared living development opportunities across London. With tenants increasingly prioritising flexibility and convenience, co-living is emerging as a compelling housing solution, perfectly suited to a diverse tenant demographic. We are delighted to have brokered this deal between Wittington Investments and Cheyne Real Estate, and look forward to witnessing the positive impact this development will have on the community.
Jonathan Allen, Director of Land Transactions & Development (Living Sectors), CBRE UK
