£1.4bn revamp for Brent Cross
Published: 25 October, 2016
Hammerson and Standard Life Investments reveal Brent Cross plans
Brent Cross shopping centre, London’s first covered mall, is to undergo a £1.4bn redevelopment as its owners Hammerson and Standard Life Investments begin a major public consultation to ensure it meets the needs of its shoppers for the future.
Having revolutionised retail when it opened 40 years ago, the owners now plans to transform the centre as part of the larger £4.5bn Brent Cross and Cricklewood regeneration plan.
The proposal will see the centre double in size, retaining the existing John Lewis and Fenwick stores and developing a new store for third anchor Marks & Spencer. A major new addition will be the creation of a market level on the upper floor with restaurants, food stalls and producers.
Consultation will now begin ahead of a detailed planning application. The plans include:
- Over 200 retail brands, 40 new restaurants, a cinema complex and hotel accommodation
- A town square that will become a hub for leisure and entertainment activities
- An enlarged and relocated bus station
- Improved public spaces, including a new Riverside Park
- New homes
- Up to 3,500 retail jobs and 5,000 construction opportunities
Peter Cole, chief investment officer for Hammerson said: “Brent Cross has been an iconic part of retail in London and the local community for 40 years. The challenge we have set the design team is to create a destination for the best global brands and experiences and at the same time still retain Brent Cross’ distinctive character and personal touch which can be enjoyed by future generations.”