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Westfield Stratford City

Westfield Stratford City
Westfield Stratford City logo
Map
LocationStratford, London, England, United Kingdom
Opening date13 September 2011 (2011-09-13)[1]
ManagementUnibail-Rodamco-Westfield
OwnerUnibail-Rodamco-Westfield (50%)
ABP Pension Fund (25%)
CPP Investment Board (25%)[2]
No. of stores and services350
No. of anchor tenants3 (Marks & Spencer, John Lewis & Waitrose)
Total retail floor area175,000 square metres (1,880,000 sq ft)[3]
No. of floors3 (some shops have extra floors)
Parking5,000[4]
Public transit accessLondon Underground London Overground Elizabeth line Docklands Light Railway National Rail Stratford
Docklands Light Railway National Rail Stratford International
Websitewestfield.com/stratfordcity
Interior of Westfield Stratford City, viewed from the 2nd floor
Construction in June 2011 at ground level
Aerial view of June 2011 construction

Westfield Stratford City[5] is a shopping centre in Stratford, East London, which opened on 13 September 2011.[6][7] With a total retail floor area of 1,910,000 square feet (177,000 m2),[3] it is the largest urban shopping centre in the UK by land area and the 4th-largest shopping centre in the UK by retail space, behind Westfield London (White City), the MetroCentre, and the Trafford Centre. [8][9][10]

Originally fully owned by the Westfield Group, in November 2010 ABP Pension Fund and CPP Investment Board each purchased a 25% shareholding, with Westfield retaining 50%.[11] Westfield's holding is now owned by Unibail-Rodamco-Westfield following Unibail-Rodamco's acquisition of Westfield Corporation in 2018.

Westfield Stratford City is adjacent to the London Olympic Park, Stratford Cross, East Village, Stratford Regional and Stratford International stations. The shopping centre is part of a large multi-purpose development project called Stratford City. It is promoted as contributing significantly to the local economy, with the creation of up to 10,000 permanent jobs including 2,001 going to local people.[5] However, there are counter-reports of significant harm to other local businesses due to the preponderance of chain stores.[12]

The site was formerly occupied by Stratford Works and Locomotive Depot.

  1. ^ "Westfield Group Press Release". Westfield UK. Retrieved 14 September 2011.
  2. ^ "Westfield Group to Sell 50% Interest in Retail Component of Stratford City for £871.5 Million". CPP Investment Board. Retrieved 27 August 2012.
  3. ^ a b "Westfield Group Property Portfolio: Stratford City Overview". Westfield UK. Archived from the original on 19 October 2011. Retrieved 14 September 2011.
  4. ^ Cite error: The named reference DEVAST was invoked but never defined (see the help page).
  5. ^ a b "Press Toolkit". uk.westfield.com. Retrieved 7 September 2011.
  6. ^ "Launch date announced for Mega Mall". thisisLondon. Retrieved 7 September 2011.
  7. ^ "Westfield Stratford City: Opening date". uk.westfield.com. Retrieved 16 April 2011.
  8. ^ "Olympic shopping centre is opened". BBC News. 13 September 2011. Retrieved 9 April 2018.
  9. ^ "£20m spent in first week at Westfield Stratford City - News". London24. 21 September 2011. Retrieved 4 November 2013.
  10. ^ Barrett, Claer; Felsted, Andrea (13 September 2011). "Europe's biggest shopping centre opens". Financial Times. Archived from the original on 11 December 2022. Retrieved 9 April 2018.
  11. ^ Spybey, Kat (22 November 2010). "Westfield sells 50% of Stratford City for 872m to APG and CPPIB". Property Week.
  12. ^ "New Olympic Westfield leaves local traders fighting for survival - Business - London Evening Standard". Standard.co.uk. 3 January 2012. Retrieved 4 November 2013.

Westfield Stratford City

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