The Mayor of London has rubber stamped Westfield and Hammerson’s plans to replace the Whitgift Centre, saying the new £1.4bn shopping centre will “unlock Croydon’s potential”.
The project was given the go-ahead by Croydon Council in November, but due to the size of the scheme it had to be scrutinised by Sadiq Khan.
The development, which is set to bring 7,000 jobs to Croydon, has been called “crucial” by the Mayor. He said: “Today marks a crucial step forward in the regeneration of Croydon town centre.
“I’m confident the benefits of this scheme will be felt for generations to come.”
The development will include a new flagship Marks & Spencer (M&S) store, as well as another unknown anchor store, and an increase of 45,000 square feet of retail space over what is currently available in the Whitgift Centre, which Westfield will replace.
It is estimated that between 6,270 and 7,048 full-time-equivalent jobs will be created, while a minimum of 626 flats will be built, though that figure could rise as high as 967 in up to five tower blocks – 20 per cent of which will be available at rents below market rates.
Work is expected to start next year – although a date has not been formally confirmed yet.