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$1.6 Billion London Mall by Hammerson, Westfield Approved

Nov. 25 (Bloomberg) -- Westfield Group, the world’s biggest shopping-mall operator by assets, and Hammerson Plc won preliminary approval to rebuild a mall in south London as part of a project valued at about GBP1b ($1.6b). * Venture will also develop as many as 600 homes, offices and

leisure facilities after the local-govt council in town of

Croydon voted in favor of the Whitgift Centre project today * Development will create as many as 5,000 jobs, according to

documents given to the members before the vote * Development will be the largest retail and commercial center

in south London, the developers said in a filing to the

borough * Construction is expected to begin in 2015, Sydney-based

Westfield and London-based Hammerson said in January

For Related News and Information: Westfield Joins Hammerson in $1.6 Billion Croydon Project NSN MGRHAY0UQVI9 <GO> Hammerson Is Named Partner for Redevelopment of London Mall NSN M1UUPE1A1I4H <GO> Westfield Group Discusses Partnership With U.K. Mall Owners NSN M0F92K07SXKX <GO> Top Stories:TOP<GO>

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