The Colonnades Leisure Park (also known as Croydon Colonnades) is an out-of-town leisure park located in the Purley Way retail and industrial district of the London Borough of Croydon, South London. It opened in the late 1990s on the former site of the Croydon Water Palace, an indoor water park complex that operated from 1990 to 1996. It lies alongside the Purley Way Playing Fields, and opposite the former Croydon Airport site. The site is currently owned and operated by Croydon Council who finally completed the purchase in August 2019 at a cost of more than £50m.