Croydon Council has approved a revised redevelopment proposal for the Whitgift Shopping Centre submitted by the Croydon Partnership, a joint venture of (JV) Westfield and Hammerson. Westfield is investing £700m in the Croydon project.
Plans were first approved in 2014. However, an updated application was submitted in October last year with the addition of a third storey of retail and restaurants, and a new Marks & Spencer store. Besides 1,000 new homes, the project will feature over 300 shops, restaurants, cafes and leisure facilities along with a new multi-screen cinema and bowling alley.
Construction work, which is scheduled to commence on the Westfield complex in 2019, is expected to create 7,000 new jobs for the borough. Croydon will join Stratford and Shepherd’s Bush as London’s third Westfield shopping centre. Council leader Tony Newman said: “The new homes and the thousands of jobs this development will bring shows investors are rightly confident about Croydon as a place to live, work and spend free time. I am delighted contractors will be on site in 2019 to kick-start the exciting transformation of the heart of our town.”
Westfield Europe head of development John Burton said: “The approval of the £1.4bn plans to redevelop the Whitgift Centre represents a significant milestone for the project and for Croydon. “Retail-regeneration projects have a proven track record to deliver transformation and regeneration which is evidenced by the £5.25bn of inward investment planned for Croydon.”