Legal DealFolio - Redevelopment of Whitgift and Centrale Shopping Centres, Croydon

Clifford Chance has advised long-standing client Hammerson plc on a 50:50 joint venture with Westfield to redevelop the Whitgift and Centrale Shopping Centres in Croydon. Under the new joint venture agreement, Westfield and Hammerson intend to redevelop and combine the two main Croydon shopping centres, the Whitgift Centre and Centrale, to deliver a comprehensive and transformational change to Croydon. The mixed use scheme of around 200,000 m2 will include retail, leisure, residential with the potential for hotels and offices, and will create over 5,000 new jobs. Clifford Chance Partner and Head of London Real Estate, Jonathan Solomon, led the Clifford Chance team which advised on all real estate, corporate, tax, regulatory, competition and employment aspects of the deal. The team also worked closely with Nabarros, who acted for Hammerson on the sale of the Centrale Shopping Centre to the joint venture, and Herbert Smith, who provided construction advice to Hammerson.

Deal Date:	17-01-2013	Practice Area:	Real Estate
Deal Title:	Redevelopment of Whitgift and Centrale Shopping Centres, Croydon	Industry:	Real Estate Investment & Services
Description:	Clifford Chance has advised long-standing client Hammerson plc on a 50:50 joint venture with Westfield to redevelop the Whitgift and Centrale Shopping Centres in Croydon. Under the new joint venture agreement, Westfield and Hammerson intend to redevelop and combine the two main Croydon shopping centres, the Whitgift Centre and Centrale, to deliver a comprehensive and transformational change to Croydon. The mixed use scheme of around 200,000 m2 will include retail, leisure, residential with the potential for hotels and offices, and will create over 5,000 new jobs. Clifford Chance Partner and Head of London Real Estate, Jonathan Solomon, led the Clifford Chance team which advised on all real estate, corporate, tax, regulatory, competition and employment aspects of the deal. The team also worked closely with Nabarros, who acted for Hammerson on the sale of the Centrale Shopping Centre to the joint venture, and Herbert Smith, who provided construction advice to Hammerson.
Financial Center:	London	Value:	0.00-0.00
Advised Party:	Developer	Law Firm	Clifford Chance
Development Jurisdiction	United Kingdom	Developer Jurisdiction	United Kingdom
Classification:	Real Estate Development Shopping Centre	Lawyer	Jonathan Solomon

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Real Estate Law Firms and Lawyers

Practice Areas - Real Estate Law Firms and Lawyers