The properties are located at 9-11 Wellesley Road in the heart of Croydon’s regeneration area and comprise two freehold office buildings approximately 60,000 sq ft in size.

The property at number 11 will undergo a light refurbishment with tenants moving in later this year.

Gary Linton, founder and managing director of Linton Group, said: “The acquisition of the Wellesley Road site is a fantastic opportunity to get involved in Croydon’s far-reaching regeneration programme.

“We are expecting big things from the borough and fully believe in its potential as one of London’s emerging commercial and residential hot spots.

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“This is our first joint venture with Henika Group and we are looking forward to further projects working with the team." 

Croydon is currently undergoing a £5.25bn redevelopment programme, which includes the £30m refurbishment of the Fairfield Hall concert venue.

A £1.5bn retail and leisure complex – close to the Wellesley Road site – by Westfield and Hammerson will see the area’s two main shopping centres transformed into eight new hotels with more than 2 million sq ft of Grade-A office space and 8,000 new homes.

Chris Reid, founder of Henika Group, added: “We are really excited to be working with Linton Group on this development, and are excited about the prospect of developing our relationship with the company in the future.

“Wellesley Road presents an interesting investment opportunity for us and is testament to our expanded focus on areas outside of traditional prime central London."

Under the partnership, the developers plan to make a string of prospective acquisitions, focusing on commercial sites with asset management potential in London and the South East.