£1Bn scheme approved for Croydon

£1Bn scheme approved for Croydon

Croydon's £1Bn town centre redevelopment has been granted outline planning permission for a 1.5 million sq ft scheme that should start on site in 2015.

 

Developers Westfield and Hammerson who each own part of the site ended a long period of wrangling over rival schemes earlier this year and combined on the plans that were given approval by the London Borough of Croydon last night. The partners also intend to refurbish the adjacent 500,000 sq ft Central shopping centre for which planning permission has already been granted.

 

The project involves retail, leisure and restaurant units, new public spaces, car parking and up to 600 apartments. The developers, calling themselves the Croydon Partnership, have agreed to pay £15M to develop the Croydon tram network, £10M towards local buses, £2.5M for local highways, £1.62M for sustainable transport initiatives and £1.3M to support local employment and training initiatives. 

 

The plans now go before the Mayor of London before detailed designs are produced for approval next year.

 

Westfield director of development John Burton said:  “This is a significant step forward in our plans for the redevelopment of Croydon's retail town centre and importantly will create 5,000 new local jobs.

 

 “We believe that our proposed £1bn investment into the transformation of Croydon's shopping and leisure offer has the potential to act as a major catalyst for the wider physical and social regeneration of the town. The support we received from the Council this evening further strengthens that belief.”

 

(Photo: Hammerson)

Please rate

Comments 

Ctrl + Enter

Most Read

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

Julian Taylor, Water Recruitment Team Leader

Julian Taylor, Water Recruitment Team Leader

Today we interviewed Julian Taylor, the Head of the Water Team at Anglo. He shares his thoughts on the water industry and gives some useful advice to professionals who are working in the Water and Wastewater industries.   A: What is your professional background? J: Well, I have been in

Some thoughts on the place of Women in Engineering

Some thoughts on the place of Women in Engineering

According to the latest women in engineering statistics from EngineeringUK 2017 report “women make up only 1 in 8 of those in engineering occupations and less than 1 in 10 of those in an engineering role within an engineering company”.  Would having more women engineers help tackle

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.