London Mayor Boris Johnson has given plans to construct a £1bn retail and leisure development in Croydon the go-ahead.
The project, a joint venture between Westfield and developer Hammerson, will replace the existing Whitgift Shopping Centre with a 1.5 million square foot development.
This mall will be London’s third Westfield shopping centre and would comprise cinemas, a bowling alley and up to 600 new homes.
It is expected that it will create more than 5,000 permanent jobs, many of which would be for local people.
The Mayor of London, Boris Johnson said: “This development will usher in a new era of prosperity for Croydon and help return it to its former glory. Hammerson has an excellent track record and the recent Westfield developments in London created thousands of jobs and attracted millions of visitors, giving others the confidence to invest.
“I am in no doubt that this new development will have a similar positive impact in Croydon and breathe new life and vitality into the town. There is no doubt that Croydon can once again become one of London’s most vibrant town centres and a major driver of our economy and this development will bring that aspiration one step closer to reality.”