This article needs to be updated.(October 2024) |
Location | Croydon, England |
---|---|
Coordinates | 51°22′22″N0°05′56″W / 51.3729°N 0.0988°W |
Opening date | Project abandoned |
Developer | Minerva |
Owner | Minerva |
No. of anchor tenants | 2 |
Total retail floor area | 1,080,000 sq ft (100,000 m2) |
No. of floors | 4 |
Park Place was a proposed shopping centre which had been expected to open in Croydon, London by 2011. The date was continuously pushed back due to a number of problems between different developers, financial backers and the local council. [1] It was cancelled in 2009, as other schemes began progress, such as the extension to Centrale and the possible takeover of the Whitgift Centre by Westfield Group. Park Place was part of the Croydon Vision 2020 re-generation scheme.
Park Place has been proposed by developers Minerva and was given planning approval in 2000 by Croydon Council after which the Government Office for London decided not to proceed with a call-in in 2003, despite concerns over traffic and the impact upon existing retail. This decision, ultimately by Deputy Prime Minister John Prescott, caused controversy in 2006 amidst the Cash for Peerages political scandal, when it emerged that two of Minerva's previous and current chairmen, David Garrard and Andrew Rosenfeld, had made major loans to the Labour Party three months before the decision not to call in the planning application. Prescott denied any wrongdoing. [2]
In May 2009, Croydon Council announced that it would be ending the development agreement with Minerva following a realisation that they would not be able to secure funding after Lendlease pulled out of the project. [3]
Minerva planned to build a shopping centre, office accommodation and bus station on the site of the Allders department store and St George's Walk. The scheduled commencement date for Park Place was originally Autumn 2006. Gap, John Lewis, Habitat and Borders expressed their desire to have a store in the centre, with an Apple Store another potential buyer of a unit. It was intended that the centre when completed would be 1,080,000 sq ft (100,000 m2), with the development adjoining and integrating with the existing Whitgift Centre at its northern end and extend south to Katherine Street. The overall site would have taken in part of Park Street and cross the western end of George Street via a bridge and tunnel with the existing Grade II listed frontages in George Street, as well as the North End facade of Allders to be retained.
A compulsory purchase order by Croydon Council is in the process of being enacted to enable the whole site to come under the ownership of Minerva. A major new department store will be located to the south of the new site; originally this was to be a new Allders store, then owned by Minerva, but John Lewis was then lined up to anchor the site. On 5 May 2006 John Lewis announced that no development scheme in Croydon met their requirements and that they were not in negotiations with Minerva.
Nestlé, whose UK headquarters in the Nestlé Tower formed part of the site, planned to take part of the office accommodation.
The overall viability of the Minerva plans (1.08 million sq.ft. shopping centre) was thrown into doubt following the building of the 1.615 million sq.ft. Westfield London shopping centre development in White City which opened in October 2008 and the existing 1,600,000 sq ft (150,000 m2) shopping development at Bluewater in Kent.
On 19 March Minerva announced that their deal with Lendlease had collapsed. [4] Lendlease were responsible for negotiations with John Lewis.
In May 2008, Croydon Council announced that they did not expect works to start until late 2009, a further delay of some 18 months. A revised planning application was not expected to be tabled until late 2008. [1] Minerva meanwhile was facing speculation of a takeover bid by the Dubai-based Limitless. [5]
The London Borough of Croydon is a London borough in south London, part of Outer London. It covers an area of 87 km2 (33.6 sq mi). It is the southernmost borough of London. At its centre is the historic town of Croydon from which the borough takes its name; while other urban centres include Coulsdon, Purley, South Norwood, Norbury, New Addington, Selsdon and Thornton Heath. Croydon is mentioned in Domesday Book, and from a small market town has expanded into one of the most populous areas on the fringe of London. The borough is now one of London's leading business, financial and cultural centres, and its influence in entertainment and the arts contribute to its status as a major metropolitan centre. Its population is 390,719, making it the most populous London borough and sixteenth largest English district.
Westfield Group was an Australian shopping centre company that existed from 1960 to 2014, when it split into two independent companies: Scentre Group, which owns and operates the Australian and New Zealand Westfield shopping centre portfolio; and Westfield Corporation, which continued to own and operate the American and European centre portfolio.
Croydon is a large town in South London, England, 9.3 miles (15.0 km) south of Charing Cross. Part of the London Borough of Croydon, a local government district of Greater London, it is one of the largest commercial districts in Greater London, with an extensive shopping district. The entire town had a population of 192,064 as of 2011, whilst the wider borough had a population of 384,837.
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Bluewater Shopping Centre is an out-of-town shopping centre in Stone, Kent, England, just outside the M25 motorway ring, 17.8 miles (28.6 km) east south east of London's centre. Opened on 16 March 1999 in a former chalk quarry after ten years of building works, the site occupies 240 acres (97 ha) and has a sales floor area of 154,000 m2 (1,600,000 ft2) over three levels, making it the fifth-largest shopping centre in the UK. Elsewhere in Europe only Istanbul's Cevahir Mall and Vienna's (Vösendorf) Shopping City Süd are bigger. The floor plan is a triangular shape with 210 stores, including 3 anchors, 50 cafés and restaurants, and a 17-screen cinema. The centre employs 7,000 people and serves over 27 million visitors a year. A main rival is the Lakeside Shopping Centre and its two retail parks in West Thurrock, Essex, just across the River Thames, 8 miles (13 km) away by road or 3.2 miles (5.1 km) as the crow flies.
Allders was an independent department store operating in the United Kingdom.
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Centrale is a shopping centre in Croydon, South London, one of the largest covered retail developments in London. It is owned and managed by Unibail-Rodamco-Westfield and was opened in 2004. Plans were announced in January 2013 to redevelop Centrale and combine it with the Whitgift Centre.
Minerva plc is a London-based British developer and property company co-founded by Sir David Garrard and Andrew Rosenfeld. Garrard and Rosenfeld took the company public in 1996 and subsequently left the business. Minerva returned to private ownership in 2011, on being acquired in a joint venture by clients of Delancey and Ares Management.
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The Croydon Exp07 was a series of events held from 2007, aimed at business and residents in the London Borough of Croydon, UK to demonstrate the £2bn of development projects planned for Croydon in the next 10 years. It is part of the Croydon Vision 2020 regeneration programme. The council-backed scheme hoped to interest investors to fund part of the regeneration projects around Croydon, and help to establish Croydon as "London's Third City" Croydon has applied for city status twice but failed. If it had succeeded, the borough would have become the City of Croydon, like the City of Westminster.
North End is a pedestrianised road in Central Croydon, which includes entrances to the town's two main shopping centres, Centrale and the Whitgift Centre. The road has high street chains including Next, Zara, French Connection, and a large branch of department store House of Fraser. A large Debenhams store on the west side of the road did not reopen after the 2020 Coronavirus lockdown as the company entered administration. North End was closed off to all forms of motor traffic in 1989, to entice shoppers to choose Croydon over its main south-east London rival Bromley.
St George's Walk is a partially covered shopping parade in the centre of Croydon, London that houses many independent stores. It was completed in 1964 by Ronald Ward and Partners, the designers of St George's House, at one end of the walk, and Millbank Tower in Westminster.
Croydon, located in Greater London, England, has a diverse economy with the service and retail sectors now dominating over the town's historical market status.
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