Council makes CPO to drive forward town centre regeneration.
8 April 2014
Croydon Council has resolved to make a compulsory purchase order (CPO) to bring together the land for the £1billion Westfield/Hammerson retail-led development, taking Croydon a step closer to major regeneration. CPOs are often used by local authorities to assemble land for complex regeneration projects which are in the public interest particularly those which involve multiple land ownerships.
The report approved at a Cabinet meeting on Monday 7 April can be viewed here.
A copy of the full press release issued by Croydon Council can be viewed here.
The Whitgift Foundation is the freehold owner of the Whitgift Shopping Centre. The funds required to support the Foundation’s charitable activities around Croydon, for the benefit of the local community, would not be sufficient without the income from its Croydon investment properties, including the Whitgift Centre.
Martin Corney, Chief Executive, The Whitgift Foundation, said: “We are delighted that the redevelopment of the Whitgift Shopping Centre has moved another step closer to becoming a reality following Croydon Council’s decision last night to make a compulsory purchase order (CPO).
“For years, The Whitgift Foundation, the freehold owner of the Whitgift Shopping Centre, has been a central driving force in the redevelopment by working with Westfield and latterly the Croydon Partnership to bring about a transformational change to Croydon’s town centre.
“This redevelopment is not only vital to the town but will also enable us to sustain our charitable activities of education and care in the local community. We currently grant more than £5million a year to help families with schools fees at our three renowned schools, care for 100 elderly residents at our three care homes and also support an estimated 34,000 carers in the borough through the Carers Support Centre in George Street.
“Following our original plan in the 1960’s to redevelop the former site of Whitgift Middle School (now Trinity School) into the Whitgift Centre, we are once again fully committed to supporting the future success of the town.”