The London Borough of Sutton (the Council), advised by Montagu Evans, is seeking a development partner for a major new regeneration project: Sutton Civic and Town Centre Regeneration.
The opportunity coming to market this week comprises four key town centre sites: St Nicholas Shopping Centre, Sutton Civic Centre, Gibson Road Car Park and the vacant Secombe Theatre. Together they will create 10 acres of opportunity with capacity for around 1,000 homes, 180,000 sq ft of commercial space as well as a new Civic Hub.
St Nicholas Centre was acquired by the Council in August 2021, giving them control of a key strategic asset within the town centre to enable development in line with its regeneration ambitions which have already seen the delivery of co-working hub Oru Sutton. Proposals for a comprehensive mixed-use scheme on this land, which will include a new and fit-for-purpose Civic Hub, 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, said: “LBS 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.”