How To Develop Westfield Croydon

Transcription

1 Westfield Stratford City The Next Generation ABU DHABI BRUSSELS DUBAI FRANKFURT HONG KONG LONDON MADRID MILAN MUNICH NEW YORK PARIS ROME SINGAPORE STOCKHOLM TOKYO WASHINGTON DC

2 Background High levels of deprivation and decline in East London Poor housing stock and retail offer, pockets of growth Area acquired for Channel Tunnel Rail Link (High Speed 1) Lack of infrastructure, utilities, investment meant development was not viable Catalyst of the Olympics Desire for legacy from the Games Lack of private sector investment Shopping centre key to wider regeneration

3 ABU DHABI BRUSSELS DUBAI FRANKFURT HONG KONG LONDON MADRID MILAN MUNICH NEW YORK PARIS ROME SINGAPORE STOCKHOLM TOKYO WASHINGTON DC

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7 - OLYMPIC PARK

8 - TRANSPORT

9 - RETAIL CENTRE

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29 Timeline Late 1990 s original proposals for the site 2002 original regeneration agreement 2005 Olympics awarded to London 2007 revised planning consent 2008 arrangements for integrated development 2011 centre opens Olympics

30 Lessons Driver of the Olympics Transport/access Link to wider community/masterplan Lasting legacy Life style Jobs Housing Key to regeneration of east London

31 The Future for South London - Westfield Croydon? ABU DHABI BRUSSELS DUBAI FRANKFURT HONG KONG LONDON MADRID MILAN MUNICH NEW YORK PARIS ROME SINGAPORE STOCKHOLM TOKYO WASHINGTON DC

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33 Whitgift Centre The largest shopping centre in Croydon is the Whitgift Centre, which was originally opened in It was refurbished in the mid 1990 s but is now looking dated. (Until Westfield London opened, it was the largest covered shopping centre in London). The area is run down and ripe for regeneration South London does not have a major shopping centre destination

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40 The Opportunity An opportunity to create a south London Westfield hub to complement the western and eastern hubs of Westfield London and Westfield Stratford. Little or no overlap with the catchment for these two centres. Croydon is an important centre in south London. Historically, Croydon was even more important centre but it has suffered from a lack of investment and failed efforts to develop a new shopping centre over the past two decades. Croydon has excellent communications and strong links with Central London. A new centre would be part of a wider regeneration of the area s tired office stock.

41 Catchment Area Croydon has a large catchment population of 604,000 people in its primary and secondary catchment area, with a total catchment population of 1,067,000.

42 Current Retail Ranking Croydon is currently ranked 2th in CACI s UK retail rankings and 6 th in London GB Rank Centre Name Minor Class Bristol Trafford Centre Milton Keynes Sheffield Reading London Knightsbridge London Covent Garden Dudley Merry Hill Kingston Upon Thames Aberdeen Croydon Southampton Brighton Plymouth Gateshead Metrocentre Exeter Derby Bromley Thurrock Lakeside York Principal Centres Average Out of Town Regional Malls Town Centre Malls Principal Centres Principal Centres Premium London Non-Residential Centres Premium London Non-Residential Centres Urban Regional Malls Premium Conurbation Towns Principal centres Premium Conurbation Towns Quality Regional Centres Average Out of Town Regional Malls Quality Regional Centres Average Out of Town Regional Malls Quality Regional Centres Quality Regional Centres Premium Conurbation Towns Average Out of Town Regional Malls Principal Centres

43 Potential Retail Ranking The town has the opportunity to rise to 12 th in the retail rankings, with the development of a 1.5m sq ft major new scheme which can dominate the catchment area. This would put it higher than Bluewater and Bristol and only two places below Westfield Stratford City. GB Rank Centre Name Minor Class London West End Glasgow Birmingham Manchester Liverpool Nottingham Westfield London Newcastle Upon Tyne Leeds Westfield Stratford City Norwich Croydon Bristol Cardiff Bluewater Leicester Milton Keynes Meadowhall Edinburgh Sheffield National Centres National Centres National Centres National Centres National Centres National Centres Large Urban Regional Malls Principal Centres Principal Centres Large Urban Regional Malls Principal Centres Premium Conurbation Towns Principal Centres Principal Centres Premium Out of Town Regional Malls Principal Centres Town Centre Malls Average Out of Town Regional Malls Principal Centres Principal Centres

44 Existing Goad Plans

45 Scheme

46 Keys to Success Land acquisition Political will Transport links Tenants Finance Vision

47 Questions?