The London Borough of Sutton is seeking a development partner for a major new town centre regeneration project with an estimated GDV of circa £500m.
The project comprises four key town centre sites spanning 10 acres: St Nicholas Shopping Centre, Sutton Civic Centre, Gibson Road Car Park and the vacant Secombe Theatre. The mixed-use project will deliver around 1,000 new homes, 180,000 sq ft of commercial space and a new civic hub.
The council acquired the St Nicholas Centre (pictured) in August 2021 to enable the project to go ahead. The creation of a civic hub within the new mixed-use development will allow the release of the current civic centre site.
Councillor Ruth Dombey, leader of Sutton Council, said: “This is a major opportunity to implement the council’s plans for creating a vibrant, sustainable town centre making the most of our town’s transport connections, links to London and status of the world-leading cancer research campus.
“We are ambitious for our borough and our residents. Sutton is an exciting place to invest in and create the sustainable jobs, workspaces and homes that our residents and businesses deserve and want. There is a real buzz about the exciting changes we are starting to see in Sutton town centre and we want to build on that positivity and momentum.”
John Percy, partner at Montagu Evans, which is advising the council on the project, added: “London Borough of Sutton is seeking a partner that will help create a distinctive identity for the town, bring forward a diverse range of uses and increase accessibility. This is a significant opportunity to deliver a new civic hub together with new housing, retail, leisure and community space, enhancing the existing centre and its public realm and supporting economic resilience.”
