LONDON-The office market in Croydon, south London, stands to gain from the news that the suburban office centre is to be linked in to the London Underground rail network. Transport Secretary Stephen Byers announced that London Underground’s plans to extend the East London line south to Croydon have been approved.

Together with proposals for a northern extension, taking the east London Line as far north as Finsbury Park, the scheme aims to improve public transport in poorly served areas of London and, reduce traffic congestion. Byers said: ‘These improvements to rail services will in turn generate economic and regeneration benefits for the areas served.’

London Underground has spent over 12 years developing plans for new links that will connect the East London line into the National rail network in north and south, London. Trains could be running towards Wimbledon and Croydon by 2006. Croydon has already benefited from London’s first new tram system, linking it to Wimbledon in the west and Beckenham in the east but a direct link into the London Underground network will boost the market, which still has one of the higher office vacancy rates in the capital.

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