Local authority plans to regenerate Croydon have been thrown into chaos after Unibail-Rodamco-Westfield and Hammerson walked away from the Centrale & Whitgift Centre.
The Croydon Partnership, a joint venture struck in 2013 by institutional landlord giants Westfield and Hammerson, has walked away from the £1.4bn planned regeneration of the Centrale & Whitgift Centre after the best part of a decade’s planning.
In a statement, the partnership said that the ongoing coronavirus crisis had only exacerbated existing issues with both the site and with retail in general. However, the two landlords said they would continue to work with Croydon council on new plans to regenerate the town centre.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.