A former gasworks site in Croydon could soon be transformed into industrial warehouses – changing the local skyline forever.
A metal gas holder in Factory Lane is currently being dismantled by gas company SGN.
The aim is to make the four-acre site ready for future development.
Back in September a joint venture between property developer Chancerygate and SGN Place made a deal to “speculatively develop” 95,000 sq ft industrial space worth £25 million.
Plans have not yet been lodged with Croydon Council but the developers hope it would be made up of 14 warehouses.
Chancerygate development director, Jonathan Lee, said: “We are excited to bring forward our plans for a first-class industrial scheme in an excellent location.
“We’re confident our development will be best placed to satisfy that demand and become a thriving part of Croydon’s commercial infrastructure, especially as we expect it to create more than 100 jobs.”
The Croydon gas holder is one of 16 London sites that could be redeveloped.
They have become obsolete as gas is now stored in underground pipe networks.
SGN Place operations and land quality manager, Scott Lewis, said: “This is a great opportunity to redevelop unused brownfield land and turn what was a redundant gas holder site into a first-class industrial scheme which will greatly benefit the local area.
“Working with our partner Chancerygate, we look forward to bringing this scheme forward, helping the local community through the creation of jobs and revitalising this site.”