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Transactions - NOVEMBER 15, 2017

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Croydon Partnership secures £1.4b approval for Croydon redevelopment

by Andrea Waitrovich

The Croydon Partnership, a joint venture between Westfield and Hammerson, has secured a resolution to grant outline planning consent from the London Borough of Croydon for its upgraded plans for the £1.4 billion ($1.8 billion) redevelopment of the Whitgift Center.

The consent represents a significant step forward for the Partnership’s plans to regenerate Croydon’s retail town center and create one of the U.K.’s top 10 shopping and entertainment destinations by delivering more than 1.5 million square feet of retail and leisure floor space. The project will create up to 7,000 new jobs and continue to stimulate the ongoing wider regeneration of the town.

The master plan maintains the design principles of the original 2014 consented scheme, with the enhanced plans including the addition of a third level of retail and restaurants, the incorporation of the Green Park House office site, which was acquired by the Croydon Partnership in February 2016; allows for better

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