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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

Westfield Group has one of the world’s largest shopping centre portfolios with 100 centres in Australia, New Zealand, United States, and the United Kingdom. Last year more than 1.1 billion customer visits generated over £26 billion in retail sales.

Westfield shopping 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.

The Group’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.

The Group 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.

Westfield’s UK portfolio is in excess of £5.2bn including Europe’s two largest shopping centres Westfield London and Westfield Stratford City, two midlands centres Westfield Derby and Westfield Merry Hill and Sprucefield in Northern Ireland. Since entering the UK in 2000, Westfield has invested over £3.5bn and created over 25,000 permanent jobs in the UK.

Westfield delivered Europe’s two largest shopping centres in London which together in 2012 generated close to £2bn in sales and attracted over 70 million shoppers.

Hammerson

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.

For media enquiries on the scheme please contact croydon@fticonsulting.com

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