Croydon Gateway developer secures funding

One of the two rival Croydon Gateway developers has secured a funding deal worth more than £600 million. Arrowcroft has formed a joint venture with Frogmore Real Estate Partners to take forward its plans. The London Borough of Croydon, which backs Arrowcroft's plans, hopes that Frogmore's involvement will impress the compulsory purchase inquiry due to be held this summer. Stanhope, which owns most of the site, is vying to develop its own project.

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