Plans to redevelop Lewisham shopping centre are expected to be submitted this year according to developer Landsec.
The company today announced annual financial results with a report including information on Lewisham. It states: “In Lewisham, south-east London, we maintain positive engagement with the Council on our new residential-led masterplan, for which we are preparing to submit a planning application later this year”.
Detailed plans are likely to then follow with construction work starting in 2026.
Landsec have previously consulted on plans to demolish the centre and construct a number of blocks. Previous financial results have shown they plan to construct 2,500 homes on site.
An area to the north of the overall site would include a small square with one aim being to improve permeability through the site.
This will sit opposite Lewisham Gateway where homes, shops and a cinema are under construction.
Pedestrians passing through the new site from Lewisham station currently meet a blank wall at the pedestrian crossing.
Today’s financial results show the latest estimate of completion would be 2038 in a rolling program.
The centre itself is still open and trading though some retailers have left.
Previous ideas showed taller buildings would be located along Molesworth Street with shorter buildings situated closer to Lewisham High Street.
The centre has entrances located among older buildings along the High Street which will remain.
Redevelopment would also see the loss of a multi-storey car park accessed on Molesworth Street.
It’s a bit of a step back in time, with signs for Citibank in place. They’ve long left and sold their tower for residential conversion, which after numerous plans still hasn’t progressed.
As for Landsec the year up to March 2023 saw a loss of £622 million owing to changes in the value of their portfolio.