X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.