New Sir Robert McAlpine joint venture plans to build £2bn of new offices in the south east
The property entrepreneur behind the regeneration of London’s famous Burlington Arcade has formed a new JV with contractor Sir Robert McAlpine to build £2bn of offices across the south east.
John Baker formed the partnership to take advantage of the growing need for more offices in the south east, he said. The new company is called The Commercial Parks Group and has already acquired £20m worth of property in Crawley, Haywards Heath and Bromley in order to create three new business hubs.
Its first project will be a 110,000 sq ft office redevelopment in Crawley, the initial phase of a plan to regenerate an entire street of ageing commercial buildings to create a new business district called Gatwick Park.