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Westfield and Brent Cross's Hammerson fight for Croydon

Link to Croydon Guardian

"Westfield is 'determined' to be present in Croydon, despite an announcement they had missed out on their bid to redevelop the Whitgift Centre.

"[Brent Cross's] Hammerson was announced as the development partner for the Whitgift Centre last Monday, amid anger from its freeholder, the Whitgift Foundation, which called the decision 'inexplicable'.

"... Michael Gutman, Managing Director for Westfield Europe and New Markets, said:
"Westfield remains determined to work with the owners and local authorities, to help create a town centre that the people of Croydon and surrounds can be truly proud of." [Whereas Hammerson ...]

Link to Property Mall web site

"The Whitgift Centre provides approximately 580,000 square feet of retail floorspace comprising 154 shop units, department stores and a supermarket, and attracts around 28 million shoppers annually.

"In a joint statement, [lease-holders] RLAM and IBRCAC commented:
"The Whitgift Centre lies at the heart of Croydon and its successful redevelopment will be a crucial element in the regeneration of the town itself. This consideration underlined every step of our rigorous process of selecting the best partner for the job.

The quality of submissions from all parties was very high, although in Hammerson we recognised a partner who could demonstrate a long-term commitment to reasserting Croydon as a centre of retail excellence through a combination of redevelopment and organic growth. Of equal importance, Hammerson possess the necessary resources to complete a project of this scale successfully." [Whereas, at Brent Cross ...]

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