No.1 Croydon
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| No.1 Croydon (formerly NLA Tower) | |
 No.1 Croydon from East Croydon station |
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| Building Information | |
|---|---|
| Name | No.1 Croydon (formerly NLA Tower) |
| Location | East Croydon, London |
| Country |  England |
| Architect | R. Seifert & Partners |
| Engineer | Triton |
| Completion Date | 1970 |
No.1 Croydon (or the 50p Building, formerly the NLA Tower or Threepenny bit building)[1] is a skyscraper at 12-16 Addiscombe Road, Croydon, London, next to East Croydon station. It was designed by R. Seifert & Partners and completed in 1970. It has 24 stories and is 269 feet (82 m) high. 'NLA' stood for 'Noble Lowndes Annuities'.[2] The growing town of Croydon attracted many new buildings to be built in the 1970s including No.1 Croydon.[3][4] In recent years, the development of tall buildings has been encouraged in the London Plan, which will lead to the erection of new skyscrapers over the next few years as London goes through a high-rise boom.[5]
It is Britain's 88th tallest tower,[6] and an example of original 1970s architecture.
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[edit] Restoration project
A refurbishment programme costing over £3.5 million was completed in early 2007. It included a six-month exterior cleaning project, new lobby, landscaping and common areas, and refurbishment of the top ten floors to provide 74,543 square feet (6,925 m²) of high spec, air-conditioned office accommodation.
A substantial amount of work had already been done to improve the exterior facade of the tower. It was identified in a Channel 4 programme as one of the UK's top eyesores. A spokesman for building restoration firm Triton said: "Work is running to schedule and within budget." [7]
[edit] Occupiers
American International Group (AIG), the sponsors of Manchester United F.C. have their European headquarters in No.1 Croydon, shared with Liberata, Pegasus Solutions and the Institute of Public Finance.[8] AIG is the sixth-largest company in the world according to the 2007 Forbes Global 2000 list.
Princeton Investments Ltd, in association with Patron Capital and Delek Group, has re-geared the lease at No.1 Croydon to Goldshield Group plc. Goldshield, a London Stock Exchange listed healthcare and pharmaceutical company has taken 7,330 square feet (681 m²) of office space on a lease of 16 years, at a rent of £120,500 per annum. The tenant has taken the lease directly from the landlord following the surrender of Lloyds TSB's headlease earlier this year.
Simon Glenn of Savills, joint letting agent for the scheme, comments; "This is the first tenant to agree a new lease from the landlord and several others are under offer. We also have strong interest in the floors which are being refurbished and the quoting rent is £19.00 per square foot." It was purchased in July 2005 as part of a £100 million office portfolio, from Delek Real Estate, an Israeli conglomerate which has retained a 45% stake in the portfolio.
Savills and Stiles Harold Williams are joint letting agents for No. 1 Croydon. The architect is Allford Hall Monaghan Morris.
[edit] Other names
The tower has been nicknamed as the 50p building, as it resembles many 50p pieces in a pile toppled over each other.[9]
[edit] See also
[edit] References
- ^ Croydon, Route & What to See. London Footprints. Retrieved on 2008-03-20.
- ^ Information on names of NLA Tower. Graham Johnson. Retrieved on 2006-12-15.
- ^ Looking Out For No1 (from Croydon Guardian)
- ^ State of the art refurbishment
- ^ London - Full Summary of Projects. Will Fox, SkyscraperCity.com. Retrieved on 2006-12-15.
- ^ Britain's Tallest 100 Buildings by Height. Sky Scraper News (2007). Retrieved on 2007-10-12.
- ^ NLA Tower’s makeover nearly done. Croydon Guardian. Retrieved on 2008-03-14.
- ^ Looking out for No1. Croydon Guardian (2007). Retrieved on 2008-01-19.
- ^ Croydon's 50p tower stolen. This is Local London. Retrieved on 2008-03-20.
[edit] External links
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