Westfield and Hammerson are responsible for the £1billion redevelopment of Croydon’s retail centre
Over the next few years, the Croydon Partnership will transform Croydon’s two main shopping centres Whitgift and Centrale into a retail and leisure destination which will reposition Croydon as the best place to shop, work and live in South London.
The London Borough of Croydon has resolved to grant planning permission to the Croydon Partnership’s outline planning application for the redevelopment of the Whitgift Centre, marking a significant step forward in Westfield and Hammerson’s plans to regenerate Croydon’s retail town centre.
About Westfield & Hammerson
Westfield Corporation is one of the world’s leading shopping centre companies with iconic retail destinations in London, New York, San Francisco and Los Angeles among its portfolio of 40 centres. Westfield Corporation is listed on the Australian Stock Exchange and was created in June 2014 when Westfield Group separated its Australian and New Zealand business from its international operations. The Australian and New Zealand shopping centres are now owned and managed by Scentre Group.
Last year approximately 435 million customer visits to Westfield Corporation shopping centres generated $17 billion in retail sales.Westfield centres are highly productive, with strong franchise value and the ability to attract the world’s leading retail brands. They are an essential part of the community’s social and economic fabric.Westfield’s strategy is to develop and own superior retail destinations in major cities by integrating food, fashion, leisure and entertainment and by using technology to better connect retailers with consumers.
Westfield continually improves its portfolio by developing existing centres, acquiring new centres and exploring opportunities in new markets. Many shopping centres in the portfolio are owned in partnership with the world’s leading property investment institutions.Westfield also works with the world’s leading retail and luxury brands to create a unique shopping and leisure experience.
Westfield manages every aspect of its portfolio - from design, construction and development to leasing, management and marketing – ensuring that its centres constantly meet the highest expectations of today’s retailers and consumers.
Hammerson is a FTSE 100 retail property specialist focused on winning retail locations in the UK and France. Its portfolio of high-quality assets is focused on prime shopping centres, convenient retail parks and premium designer outlets, and has a value of over £5billion.
Hammerson has been creating and managing successful retail destinations for over 60 years. Its complex regeneration projects have delivered landmark architecture and thousands of new jobs helping occupiers and local communities to thrive across the UK. It also has a strong track record of long-term partnerships with local authorities, landowners, retailers and investors.
Attracting the best brands to its retail destinations creates long-lasting customer appeal and creates successful trading locations for retailers and Hammerson has introduced international retailers such as Forever 21, Locker Room and Hollister to the UK. Hammerson’s current portfolio includes 20 prime shopping centres, 22 convenient retail parks and 9 premium designer outlets.