Surprisingly many people in the United Kingdom do not know about the Westfield Development (The White City Redevelopment). A survey conducted found out that only 52% of surveyors had heard of the development. its surprising because it is going to be one of London’s and UK’s biggest development as of present. The Westfield London is a new and exciting shopping centre development in Shepherd’s Bush, London. The centre is being developed by the Westfield Group, at a cost of an estimated £1.6billion.
When completed in late 2008 the centre will boast a retail floor area of 150,000m². Consequently, it will take the crown of the largest shopping mall in Europe within an urban area from the Manchester Arndale, and be the third largest shopping centre in the UK behind MetroCentre and Bluewater. The completed centre will feature around 270 stores, including House of Fraser, Marks & Spencer, Debenhams, Waitrose, Next and a Cinema de Lux multiplex cinema.
This means that the whole of W12 is currently going being redeveloped to accommodate the shopping centre. New transport links (ranging from; taxi’s, bus stations and underground stations) are being built and refurbishments of general public areas. This is a joint effort between the Hammersmith and Shepard’s Bush Council and The Westfield Group. Planned completion is by October of 2008.
Our full views on the impact on surrounding Property Market post completion will be in Part 2, next week.
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