London Mayor Boris Johnson, speaking at the London Retails Estate Forum on 10 June, put Croydon at the heart of London’s success story in a speech welcoming national and international property developers to the capital.
Johnson put Croydon’s £1.6bn retail regeneration scheme by Westfield and Hammerson alongside the new Silvertown Quays investment and the rejuvenation of Battersea Power Station, as his top three schemes changing London.
“It will turn Croydon into an even greater place in which to live, to shop, to do business and to invest,” said the Mayor.
“It is a momentous step to turn Croydon into an economic powerhouse in south London.”
Boris’ backing of the scheme he fondly calls ‘the West Ham of Croydon’, follows his announcement in January that the two retail giants, Westfield and Hammerson, had agreed to enter into a joint venture, subsequently called The Croydon Partnership, to redevelop the town’s retail heart.
“The Westfield Hammerson development is putting £1.6bn into Croydon, regenerating the centre of Croydon,” he said.
“Since the Olympic Games, which did so much to project a positive image of London around the world, we have seen billions upon billions of investment into our capital.”
The mixed use scheme of around 200,000sqm will include retail, leisure and residential plus the potential for hotels and offices.
The project is expected to bring thousands of jobs in construction, at least 5,000 jobs in the great retail conglomeration that is going to be created.
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