London gets its 3rd Westfield with £1.4bn investment plans in Croydon
International and local investors have put tremendous confidence in Croydon town, with plans for a new £1.4bn investment plan for a Westfield shopping centre. The building project will re-generate Croydon’s former Whitgift Shopping Centre and create a brand new Westfield complex.
Scheduled to begin work in 2019, this will be London’s third Westfield complex and will feature 300 shops, restaurants, cafes and leisure facilities – as well as a new multi-screen cinema and bowling alley.
The plan for the Croydon redevelopment was unanimously approved by councillors, who view the revamp plans as a huge opportunity to create new jobs and housing in the Croydon borough.
Croydon Central MP Sarah Jones described Westfield as the final “piece of the jigsaw” that will make the town centre the vibrant heart of Croydon. Echoing the wishes of the council for Croydon to be one of the hottest upcoming South London boroughs. Croydon is becoming more and more interesting each day, with Boxpark, the Fairfield halls development, street art, huge musical talent and Tech City.”
The leader of Croydon Council Tony Newman expressed his excitement about the regeneration of Croydon that will hugely benefit local people through the creation of 7,000 new jobs and 1,000 new homes. Council Leader underlined the importance of the project moving forward in order to attract investors who look at Croydon as a place to live, work and spend free time.
Westfield UK/Europe’s 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.”
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