WESTFIELD Group has opened the doors to the £1.8 billion Westfield Stratford City retail project.
The landmark 1.9 million sq ft development was officially opened today by the Mayor of London, Boris Johnson, together with Westfield chairman Frank Lowy.
The retail development will be owned in a partnership between Westfield, who will own 50%, and APG of the Netherlands and Canada Pension Plan Investment Board jointly owning the other 50%.
Westfield Stratford City is anchored by flagship John Lewis, Marks & Spencer and Waitrose stores, a 17-screen Vue cinema, and the UK’s largest casino operated by Aspers. With 250 shops plus 70 places to dine, it will create a new lifestyle destination for East London.
Stratford City also includes three hotels and 130,000 sq ft of office space which is the first phase of a total of 1.1 million sq ft office precinct and 1,200 residential dwellings which are expected to be developed after the 2012 Olympic Games.
Australian Property Journal
