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Croydon Partnership is committed to Whitgift redevelopment

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The Croydon Partnership, a joint venture between Hammerson and Unibail Rodamco Westfield has confirmed it will be going ahead with the Whitgift Centre redevelopment.

A spokesperson from Croydon Partnership said:

“During 2018, there has been good progress on the Croydon project with a number of key milestones being achieved which underpin the development opportunity going forward.  John Lewis & Partners confirmed its commitment to taking a full range department store with a Waitrose food store, to anchor the scheme alongside Marks & Spencer.  The process to conclude site assembly is now underway following Croydon Council’s decision to implement the Compulsory Purchase Order.  Notices were served on all affected parties in September last year and the remaining freehold and long leasehold interests in the site were acquired in early February this year.  In addition, Croydon Council approved the next phase of the Council’s Growth Zone funding for critical infrastructure projects including significant transport upgrades to the town.

“There currently remain challenges surrounding the UK economic and political outlook and the structural changes facing retail have put some UK retailers under pressure. Given this environment, we are currently reviewing the scheme to ensure it responds to changing retailer requirements and it is appropriate for the future. The joint venture partners remain committed to the project and the town centre and believe that Croydon has strong potential with flagship destinations outperforming over the long term.  We will continue to review the development timetable and work closely with all stakeholders.”

 

 

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