Plans by Chapman Taylor and CallisonRTKL for the £1.4 billion redevelopment of Brent Cross shopping centre in north-west London have been put on hold
Construction of the huge scheme for Hammerson and Standard Life had been set to begin on site this summer, but the start date has now been pushed beyond 2019.
In a half-year update released earlier this week by Hammerson, the shopping centre owner said the development was being deferred due to ‘increased risks in the current market environment’.
It added: ‘The scheme remains an important strategic project and we continue to recognise its role as one of London’s leading retail destinations and will support its future success.’
A spokesperson for Hammerson said the company would continue ’to monitor external market conditions’ and confirm a new start date ’when conditions are appropriate’.
The development, which will eventually create more than 200 new retail outlets, 60 restaurants and a new cinema, forms the centre point of a wider £4.5 billion regeneration plan for Brent Cross and Cricklewood.
Outline planning consent for the plans, also drawn up by CallisonRTKL and Chapman Taylor, was granted in 2010 with a detailed submission lodged last year.
The proposed new shopping centre would double the size of the current Brent Cross site to 185,806m² of commercial space. Anchor tenants John Lewis, Fenwick and Marks & Spencer, which featured in the original centre when it opened in 1976, will have stores in the new scheme.
Contractor Laing O’Rourke was selected for the £700million construction package last October.
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