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2019-02-14

A second Hammerson scheme collapses: Evening Standard: "Hammerson/Westfield's £1.4bn Croydon development 'under review due to Brexit and structural changes on the high street'"


Link to web site

"The owner of the Westfield shopping centres today said it is 'reviewing' its £1.4 billion new development in Croydon because of Brexit and 'structural changes' on the high street."

"Work on the centre, which is hoped to be the catalyst for broader regeneration, was due to start in September but is now not expected to begin until next year."

"The plans for the scheme, being built jointly by Unibail-Rodamco-Westfield and property company Hammerson, were approved in November 2017 and got the green light from Sadiq Khan in January last year."

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