Regenerating Bromley – £1billion facelift for London Borough
Over the past four years the London Borough of Bromley has been subject to a major regeneration project to modernise facilities and housing to residents and bring the traditional urban region very much into the twenty-first century.
The £1 billion project has gone through various phases since getting underway back in 2011, comprising a near total overhaul of facilities and infrastructure to the borough in its drive to improve standards for those living in the area and to encourage both investors and a new wave of young professionals in search of modern, affordable living within easy access to the city.
Working from the ground up Bromley has seen multi-million pound investment for the renovation of the urban centre, bringing improvements to roads and pavements along High Street as well as a facelift of the pedestrianised Market Square area of the town centre. As well as enhancing the aesthetic appeal of the town the regeneration project has also taken on board upgrades and modernisation of its public and residential facilities from new street lighting and public rest areas to an overhaul of the water mains with Thames Water replacing the old pipe network back in 2013.
Bromley South Central
However, it’s the major development of the Bromley South Central project which has been the jewel in the regenerative crown within the borough; its 2015 completion bringing a thoroughly modern and upscale complex to add to the new and dynamic feel to which Bromley has been aspiring.
The £90 million project is a public-private scheme which has brought a mix of dining and entertainment with a range of new, attractive and thoroughly modern residential options, designed for the young professional and delivering some genuine investment opportunities.
Regenerating old and historically under-used sites around the Westmoreland Road area, Bromley South Central has delivered a complex in keeping with similar town centre modernisation projects across both London and other cities in the UK. From its multiplex cinema and Premier Inn hotel to the range of dining options including some of the more popular national chains such as Nandos, Las Iguanas and Prezzo, the retail and entertainment attractions sit alongside renovated and newly built residential buildings delivering apartments and homes and adding to the general gentrified feel of the place as we move towards the second half of the twenty-teens.
A Time to Invest?
Bromley has been making significant strides to re-invent itself as a modern base for young, upwardly mobile professionals. The Bromley South project alongside the other regeneration works of recent times have added to the areas traditional features, not least its easy access into London – it’s no more than 16 minutes by train to Victoria station. It’s a proven, potent combination to attract an influx of new residents to the modernised apartments which make up traditional buildings such as attractive and conveniently located Bromley House.
And, with further renovation of the borough in the pipeline, from continued modernisation in retail and residential areas as well as the promise of major improvements to the iconic Crystal Palace sports facility then there is ample reason to believe that Bromley will prove to be a prudent option for investors into the greater London property arena in the years to come.