Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Hammerson, Multiplex and Standard Life Investments have unveiled plans for a euro 6-billion ($7.6-billion) new town centre linking Cricklewood to Brent Cross Shopping Centre in North London. The Brent Cross Cricklewood Development Partners are proposing a 14-million-sf, mixed-use development and hope to lodge a planning application in spring 2007.

Hammerson and Standard Life Investments are already linked through their joint ownership of Brent Cross Shopping Centre, and Hammerson and Multiplex already have a joint venture partnership to regenerate Cricklewood. Last year Multiplex sought to sell 25% of its 50% interest in the Cricklewood regeneration scheme in North London to a consortium of Saudi Arabian businessmen but the deal fell through.

For years, the developers worked on separate proposals for the two sites. Then last year Barnet council agreed a masterplan that would link the two areas.

The 250-acre scheme, which will be developed over 20 years, comprises a 592,020-sf extension of Brent Cross Shopping Centre providing a northern gateway to the scheme; 7,500 homes, including apartments adjacent to the River Brent, and a range of six- to eight-story residential blocks. Other components will be two schools, a health centre, sports and leisure centre, community centre and library; four million sf of offices adjacent to the mainline train station; a leisure complex next to the River Brent providing cafes, restaurants and a multi-screen cinema; four new parks and improvements to Clitterhouse Playing Fields; major transport improvements including a Midland Mainline train station connecting to Kings Cross, a new bus station, and new junctions off the A41 and A5.

The centrepiece of the town centre will be a High Street linking the western end of town at Station Square through to the shopping centre in the north.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.