FTSE 100 Landowner Slams Green Council and Pulls £1.5bn Project

FTSE 100 landowner slams Green council and pulls £1.5bn project

A FTSE 100-listed landowner has shelved plans for a £1.5bn shopping centre project in South London after a local Green-run council refused to co-operate with the plans. Property giant Landsec, which owns Lewisham Shopping Centre, said it is “deprioritising” its plans to redevelop the site following a row with the local authority over affordable housing.  Lewisham Shopping Centre will join a growing list of stalled regeneration projects in London…

Developer drops £1.5bn south London shopping centre plan citing 'lack of support'

The redevelopment of Lewisham Shopping Centre has paused just one year after the plans were approved by councillors

Lewisham shopping centre redevelopment halted - Murky Depths

Plans to rebuild Lewisham shopping centre have been put on hold today by Landowner Landsec. It’s now eight years since plans emerged – as covered on this site back in 2018 – and over that time plans evolved with outline permission granted for 1,700 build-to-rent homes as well as 660 student beds and 445 co-living units. Detailed plans were only agreed for one plot to the north including the Boots and Nat West units. Boots have already moved to a…

Landsec drops £1.5 billion Lewisham mall plans citing new council's affordable homes demands

REIT also blames soaring construction costs

Lewisham Shopping Centre redevelopment halted, council announces - The Greenwich Wire

The redevelopment of Lewisham Shopping Centre has been put on hold – halting plans to build hundreds of flats, student accommodation and a new mall. Landsec, the owner of the centre, was “deprioritising” the scheme because of current economic conditions, Lewisham Council announced on Tuesday morning. Work had been due to start next year on […]