Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Capital & Regional gets approval to expand Walthamstow mall

Tue, 28th Aug 2018 08:54

(Sharecast News) - Capital & Regional has received formal approval for its plan to extend and develop a shopping centre in the London suburb of Walthamstow. The in-town shopping centre operator said it would add 86,000 sq ft to the Mall precinct and build up to 500 new homes, including affordable housing.Work on the project is scheduled to start in 2020 and will build on an already completed refurbishment of the shopping centre and the arrival of new tenants such as Lidl and Pret a Manger. Brands have been attracted by affordable retail space and above average footfall, the company said.The development will include a new entrance from the Mall to Walthamstow Central station and an improved town square with a children's play area and family facilities.Walthamstow in North East London has gentrified rapidly over the past decade as families have moved there from more central boroughs such as Islington and Hackney. Capital & Regional owns seven shopping centres, specialising in sites it believes are central to its catchment area and provide essential goods and services to the population.Chief executive Lawrence Hutchings said: "We have tailored the mix of homes, leisure uses, services and amenities to meet the needs of the local community...All of this will ensure Walthamstow remains a vibrant neighbourhood for generations to come, underpinning the resilience of the Mall, our positive footfall growth and, ultimately, our income profile."Capital & Regional shares rose 1.2% to 46.5p at 0925 BST.

Related Shares

More News
5 Jun 2024 10:04

Workspace raises dividend as loss widens but rental income rises 8%

(Alliance News) - Workspace Group PLC on Wednesday said the company continues to dispose of non-core assets amid falling property valuations.

31 May 2024 16:09

UK dividends calendar - next 7 days

28 May 2024 12:57

Vukile Property Fund withdraws Capital & Regional takeover bid

(Alliance News) - Vukile Property Fund on Tuesday said it has withdrawn its bid to acquire Capital & Regional PLC, leaving NewRiver REIT PLC as the on...

23 May 2024 17:18

LONDON MARKET CLOSE: FTSE 100 falls as focus stays on Westminster

(Alliance News) - Stock prices in London closed predominantly lower on Thursday, following robust US data, and as eyes remained on Westminster after P...

23 May 2024 11:02

TOP NEWS: Vukile Property Fund confirms offer for Capital & Regional

(Alliance News) - Vukile Property Fund confirmed on Thursday it had made a "non-binding indicative proposal" to acquire Capital & Regional PLC in a po...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.