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| Tram stop paid for by Centrale shopping centre. Link to 'The Independent on Sunday' |
Croydon is set to become a battle ground for two retail developer titans, as
Hammerson vies with Westfield to be the developer of a giant shopping scheme in
the town.
Hammerson, whose share price stood at 399.8p on Friday, went on a buying
spree at the start of the year, scooping up a £400m portfolio from Kuwaiti
property company St Martins. The haul included the Centrale shopping centre in
Croydon. It is keen to be involved in any new development in Croydon, as it would
not want Centrale to be overshadowed.
One expert said:
"Westfield has the expertise and the balance sheet, and with the success of their two centres in the east and west of London, they would be good for Croydon. They have proved they can deal with complex land ownership rights and get a scheme developed." [Whereas Hammerson ...]
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