Travis Perkins has acquired a 6.25 acre industrial goods yard in Selsdon, South Croydon.

The site, which is split into seven plots, was purchased from The Arch Company on a 146-year head lease and is part of the Group’s long term property development strategy to invest in sites for the Group’s businesses to create destination branches delivering enhanced product ranges and value-added services for trade customers.

This goods yard in Selsdon is conveniently located near the M23/M25 intersection to provide easy access for trade customers serving the City of London and the capital’s West End, which are within 13 miles of the site. The site is adjacent to the railway, but does not include any railway arches.

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With essential services, such as builders merchants, increasingly being pushed further out of urban conurbations, this investment will help to ensure that construction customers serving the capital and surrounding areas will have easy access to building materials locally.

Nick Pinney, Group Property Director said: "At Travis Perkins Group we continually review our property portfolio to identify value creation opportunities. The Selsdon property is a high-quality asset that will give us a great opportunity to develop a site that will feature one of the largest Travis Perkins general merchant branches in the country, enhance our wider customer proposition in Croydon and secure our presence there for the longer term."