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Sir Frank underlines Westfield’s commitment to Croydon

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Westfield founder Frank Lowy has underlined the company’s commitment to Croydon after being knighted in the Queen’s birthday honour’s list.

The Australian shopping centre developer, who is also chairman of Westfield Corporation, said he was honoured by the honour which recognised his contribution to the UK economy.

A £1.4billion redevelopment of the existing Whitgift Shopping Centre in partnership with Hammerson is set to be the capital’s third Westfield although the scheme has fallen behind the original schedule outlined when the retail giants announced their joint venture in 2013.

Westfield London and Westfield Stratford City are two of Europe’s largest urban shopping centres and Sir Frank said: “Our first centre in London was opened on the eve of the global financial crisis in 2008 yet has thrived ever since.

“Our second centre at Stratford City played a key role in the development of the site for the 2012 London Olympics and has been a catalyst for the rejuvenation of the whole of east London and now serves as a major community and job creation centre.

“We look forward to advancing our planning application for a new centre at Croydon and to further investment and job creation in the future.”