Mayor of London Sadiq Khan has given the go ahead on the final plans for a new £1.4 billion Westfield shopping centre in Croydon.
Croydon Council approved the plans back in November, but because of the scale of the scheme Mr Khan was given the final say. Mr Khan said the shopping centre, which is a joint venture by Westfield and Hammerson, will “unlock Croydon’s potential”. He said: “Today marks a crucial step forward in the regeneration of Croydon town centre. This development will play a key role in unlocking the borough’s potential and is set to deliver huge economic benefits to residents and businesses in the borough.”
Work will begin on London’s third Westfield complex in 2019, with 7,000 new jobs and 1,000 new homes included in the plans. The building project will form the heart of a scheme to regenerate Croydon town centre, with the centre itself sitting within a redeveloped core of Croydon’s former Whitgift Shopping Centre. The centre will offer the public a choice of more than 300 shops, restaurants, cafes and leisure facilities – as well as a new multi-screen cinema and bowling alley.
Hammerson’s Chief Investment Officer, Peter Cole, said: “This confirmation from the Mayor of London that he supports our proposals will give further confidence to retailers, investors and the community, giving us the mandate to deliver a transformative, world-class retail and leisure destination which is already stimulating the ongoing wider regeneration of Croydon.”