Murky Depths

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Lewisham

Lewisham shopping centre demolition and rebuild is on the cards

Lewisham shopping centre with former Citibank office block visible

The owners of Lewisham shopping centre are looking into knocking down the site and rebuilding a new mixed use development.

Land Securities, owners of the centre, have just released financial results with Chief Executive Robert Noel stating: ”We see excellent potential for a new town centre at Lewisham, with our ownership of Lewisham Shopping Centre, SE13 forming the core of a potential 8.3 acre mixed use destination”.



Looking from shopping centre to station

Results show retail struggling in terms of occupancy across Landsecs profile:

  • London offices up 0.2%; central London shops down 2.9%
  • Shopping centres and shops down 2.9% with outlets flat; retail parks down 4.5%; leisure and hotels down 0.2%

New and old towers

The continuing struggles of the High Street and shopping centres are well known. Retail parks are performing particularly poorly.

Mixed use is therefore favourable to Landsec, and targets for new homes in Lewisham were recently increased by 50%. Town centre sites are prime candidates for meeting that goal.

Towers



The former citibank tower at Lewisham already sets a precedent for going tall at the site. Lewisham Gateway does likewise.

Gateway Phase 2 tower plan

I recently covered revised plans for Lewisham Gateway – the site between the station and town centre – which now includes a nine screen cinema.

Lewisham Gateway

Landsec are currently working on two other large mixed use developments so this scheme is unlikely to be imminent, and the issue of Citbank tower’s conversion to residential is also in the mix. Yet it does offer an insight into the future of Lewisham, and as expected, a mixed-use rebuild is on the cards.

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4 Comments

  1. Miles

    This is an excellent idea!!!

  2. anonymous201486

    I don’t really see this as a goer. What Lewisham needs is good quality shops to better serve the needs of the established residents, as well as all the moneyed incomers – there is no Waitrose, not even an express version – and the high street has a number of vacant shops that could become niche retail spaces. Something is happening to the old BhS space with no indication yet of what it is to become. The unit vacated by Evans continues to stand empty.

    Lewisham should take a leaf out of Bromley’s book. The high is neat and clean and even the vacant units are boarded up stylishly.

  3. Josh Firestone

    The shopping centre isn’t that bad other than the architecture and the barely used car park and old Citibank building. The problem is they haven’t started Lewisham Gateway or even finalised plans, which is a disgrace

  4. David

    Knock it down build a new shopping hub for people to come from all around to use and that god awful estate along lee high road what an eye sore plus all the people who live there deserve better than that it’s a crumbling sink hole estate.

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