Hammerson plans £50m Croydon retail development

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

It has submitted plans today for a 142,000 square foot development of Centrale shopping centre in the south London town.

It is in talks with cinema operators to create a new cinema and will create 10 new restaurants as well as large new shops.

Hammerson bought the centre in March last year and has since been establishing itself as an investor in Croydon and is one of a handful of big-hitting property developers hoping to invest in another Croydon shopping centre - the Whitgift centre.

Australian developer Westfield, British Land and Hammerson are among parties vying to redevelop the Whitgift.

At Centrale, proposals for the new design have been created by Leslie Jones Architecture.

Lawrence Hutchings, Hammerson managing director of UK Retail, said: "There has been significant under-investment in Croydon's retail core for some time with major brands missing from the town's retail mix.

"Croydon has one of the highest catchment spends in the UK and our proposals will deliver well designed space creating a new prime pitch for the town. There is a massive opportunity to put Croydon back on the map with both retailers and consumers and we want Centrale to lead this transformation."

Subject to the planning process, work could start on Centrale in early 2013 with the new leisure and restaurant quarter open by autumn 2014.