Hammerson and Standard Life Investments reveal plans for Brent Cross Shopping Centre ahead of public consultation
Brent Cross Shopping Centre, London’s first and most iconic retail destination 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 proposed plans to transform the centre form the main element of Brent Cross London, ahead of submitting a detailed planning application. The scheme is part of a larger £4.5bn regeneration plan for Brent Cross and Cricklewood, for which Hammerson and Standard Life Investments already has outline planning consent, granted in 2010.
The plans will renew and revitalise this significant area of North London into a new urban quarter. The main elements of Brent Cross London which will be the focus of the public consultation and the detailed planning application 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
- New employment and training prospects for local people (up to 3,500 retail jobs and 5,000 construction opportunities)
Whilst doubling the size of the existing shopping centre, John Lewis and Fenwick will be retained and a new Marks & Spencer anchor store will be delivered. All three were part of the original Brent Cross when it opened in 1976.
In order to ensure the scheme remains relevant to the changing retail and consumer demands, the new centre will attract leading international and UK brands alongside space for local and pop-up businesses and concept stores to test consumer appetite for the latest trends.
A major new addition will be the creation of a market level on the upper floor paying tribute to London’s popular foodie heritage. Set to be a destination in its own right with restaurants, food stalls and producers, the architecture for this quarter will be inspired by the urban markets in Europe.
Brent Cross London will also benefit from an enhanced Sturgess Park, a main town square and riverside landscaping delivering new pedestrian and cycling routes. A new living bridge and a green landscaped boulevard will span the North Circular creating a walkway for people from Brent Cross London to the wider regeneration taking place to the south of Brent Cross London for the very first time.
The southern element of the wider regeneration plan, which includes almost 6,700 homes, new parks, offices, and community facilities, is being delivered by a joint venture between Argent Related and Barnet Council.
As part of the detailed design process Hammerson and Standard Life Investments want to understand what shoppers and the local community love about Brent Cross and how the transformed centre can continue to capture its iconic London heritage. Following feedback, the detailed planning application will be submitted to the London Borough of Barnet in Spring 2017.
The public consultation will be held from November 3rd through to November 8th at the following times and dates:
Brent Cross Shopping Centre (Centre Court), Hendon, London NW4 3FP
Thursday 3 November: 10.00am – 8.00pm
Friday 4 November: 10.00am – 8.00pm
Saturday 5 November: 9.00am – 8.00pm
Sunday 6 November: 12.00noon – 6.00pm
Hendon Leisure Centre (Studio 2), Marble Drive, London NW2 1XQ
Monday 7 November: 11.00am to 6.00pm
Tuesday 8 November: 2.00pm to 7.00pm
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.”
James Stevens, Head of UK Development, Standard Life Investments, commented: “Our plans for Brent Cross London are exciting and ambitious. We really welcome feedback as this is a major investment and we want to make the most of the opportunity to enhance one of London’s best-loved shopping destinations.”
Councillor Richard Cornelius, Leader of Barnet Council, said: “Brent Cross London forms a vital part of our regeneration scheme which will see this part of London become a thriving new neighbourhood. The scheme already has outline planning consent and I am confident that the new shopping centre, along with the new station and the development to the south of the A406, will breathe new life into this area as well as creating thousands of new jobs.”
A new website (www.brentcrosslondon.co.uk) has also been launched providing key information about the plans and a further opportunity for people to provide feedback to the project team.
Brent Cross London
Tavistock: Mike Bartlett / James Whitmore
firstname.lastname@example.org / email@example.com
020 7920 3150
Nina Cadman, Property PR Manager
Tel: 020 7887 1864
Standard Life Investments
Justin St Clair-Charles, firstlight PR
Tel: 020 3617 7233
Notes to Editors
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £9 billion and includes 22 prime shopping centres, 19 convenient retail parks and investments in 15 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture. Key investments include Bullring, Birmingham, Bicester Village, Dundrum Town Centre, Dublin and Les Terrasses du Port, Marseille.
Standard Life Investments
With assets under management of £269.0 billion (30/06/16), Standard Life Investments is one of Europe’s leading investment houses.
Standard Life Investments is one of Europe’s largest real estate investors, managing £18.7 billion of assets in direct real estate, public listed real estate and real estate debt. Our dedicated team of 158 real estate investment professionals, based in six global locations (Edinburgh, London, Paris, Boston, Hong Kong and Singapore), manage over 650 direct real estate assets in 15 countries worldwide (at 30/06/16).