Hammerson receives approval for redevelopment of Croydon town centre

26th Nov 2013 07:08

Approval has been received for the redevelopment of the Whitgift Centre in Croydon, Hammerson has announced. The FTSE 100 group described it as a "significant step forward" in its and Westfield's plans to regenerate the London borough's retail town centre.The £1bn scheme has been established to create a state-of-the-art retail, leisure and restaurant destination in order to regenerate the area and attract new residents and visitors back to the town centre. Peter Cole, Chief Investment Officer of Hammerson, said: "Our scheme will re-establish Croydon as the retail destination of South London which will attract further investment and development. "Our goal is to deliver a world-class retail and leisure destination to attract new visitors to the town and ensure Croydon regains its status as a thriving town centre. Last night's decision brings that vision one step closer to reality."Following the council's resolution to grant outline planning consent, the application will now be considered by The Mayor of London. Detailed designs for the scheme will be unveiled during 2014 and a start on site is expected in 2015, Hammerson added. NR