Plans have been in the works to redevelop the Whitgift Centre for almost two decades. Earlier proposals were scheduled to begin in 2009, but the leaseholder went into administration. We then saw competing proposals for a £1bn redevelopment in 2011. Those plans also had issues, and ultimately Unibail-Rodamco-Westfield (URW) bought the property and neighbouring buildings. They have since done several rounds of consultations on their plans, releasing early new proposals recently. Let’s have a look to see what they could mean for the area. Then, if you want some help from a lettings agent in Croydon, including guaranteed rent, you can rely on us.
Completely changing the site
Since inauguration in 1970, the Whitgift Centre has been a key destination for retail. For decades it was the largest covered centre in the UK, finally losing the crown in 2008. It’s still popular today, welcoming millions of visitors every month. The redevelopment will completely change this. While there will still be commercial space, including retail, offices, leisure, and food), the residential element will be the main focus.
One of the most notable things about the plans is they will deliver 3,000 to 4,000 new homes. This is much higher than previous proposals. However, there is hope that it means the project will be able to deliver more affordable housing. Critically, the homes will be flats in various new towers. The tallest ones could be 30-45 storeys tall, with heights stepping down towards the centre of the site.
The proposals also include a number of other key details. It would create a new public square able to hold events for up to 2,000 visitors. There would also be a new park, better pedestrian routes, and potential for various wider uses such as community space and workspace. Talk to us if you need help from a lettings agent in Croydon.
Concerns
One element of the proposals that is causing concern is the idea the site could house a data centre. While there is demand and London is a key hub, building them close to homes is a worry because of the constant noise. It can have a serious impact on people, harming health and wellbeing. Additionally, there are criticisms of the amount of power and water they consume.
There are also worries about what the redevelopment means for Centre Tower. The almost 80m tall building has a local listing. However, it has been vacant for years. Previous plans had the idea to redevelop it, potentially to create accommodation. However, URW warns it may not be viable to retain it.
The next step
URW is still working on the formal planning application for the redevelopment. It’s expected it should be ready next year. This will be significant because it will provide a clearer idea of the exact number of homes they aim to build, including the amount of affordable housing.
Discuss anything with a lettings agent in Croydon
Croydon has become one of London’s most interesting potential hotspots. It’s got a lot to offer, including good transport links and great amenities. Even better, it is a top destination for filming, creative, and tech industries. Redevelopment and regeneration work also aims to give the borough a brighter future.
With all of that in mind, this is a good location to consider for investments. We’re happy to help, offering the diverse services of a traditional lettings agent in Croydon and much more. Significantly, we provide guaranteed rent all over London. It gives you financial stability and reduces your workload.
So, if you need any help, advice, or fantastic services, contact us.
