Earlier this month Hammerson was selected by the majority leaseholders as preferred development partner for the Whitgift centre. Separately, it has also submitted a planning application to reconfigure its neighbouring Centrale shopping centre, including construction of a cinema there.
In an interim management statement to the Stock Exchange this morning, the company said: “There is an opportunity to create a combined south London shopping hub which will significantly enhance the retail offer in the area.”
Hammerson has also now started on site with the redevelopment of the 10,000 square metre Monument Mall in Newcastle, with the first reconfigured unit due to open for trading later this year.
In nearby Cramlington, Hammerson has signed Marks & Spencer Simply Food and Vue Cinema to anchor the 13,500 square metre redevelopment of Manor Walks Shopping Centre and the neighbouring Westmorland Retail Park. Construction is expected to start later this month.