Croydon pursues CPOs for Whitgift site

摘要

Croydon Council has started the process of pursuing compulsory purchase orders (CPOs) to enable Westfield and Hammerson's £lbn Whitgift Centre redevelopment (right). The council is understood to have sent around 200 requisition letters to affected landlords this week to notify them of its intention to pursue CPOs if commercial deals cannot be agreed to sell their stakes to the Westfield and Hammerson joint venture. Irish Bank Resolution Corporation, Minerva and Legal & General Property are affected, as are all the retailers' leases.