Lewisham shopping centre rebuild could start in 2026

Developer Landsec U&I have released the latest financial results today with mention of their plan to demolish and rebuild Lewisham shopping centre.

The proposal would see both the centre and car park demolished with the Citibank tower refurbished. Some High Street buildings such as that housing Wetherspoon’s will also possibly go.

Lewisham pub possibly set for demolition 

In their place would be new shops with “up to 1,700 residential dwellings, 475 shared living homes and 700 student homes”.

Update

Annual financial results and an adjacent report released by Developer Landsec provide a bit of their latest thinking. In the past reports have provided a snapshot into site plans beyond what was in public consultations.

It’s how we found out total housing numbers were around 2,500 rather than 1,700. The 1,700 figure in public consultation excluded student flats and co-living units.

The report out today states: “At Lewisham, south-east London, and Glasgow we are evolving our plans to focus more on masterplans that can be delivered in discrete incremental phases.

Courtesy Landsec. Possible massing

“Alongside this we will seek to embrace opportunities to retain and reinvent existing buildings in our ambition to reduce embodied carbon”.

Whether that means plans to demolish certain buildings will be revised remains to be seen. As stated before, certain High Street buildings though not all were in line for demolition.

In terms of timing it states the earliest start on site for redeveloping the shopping centre would be 2026.

Funding

Incremental development is no great surprise and it’s believed work would start at the north closest to Lewisham station and the imminent Lewisham Gateway phase two opening.

That end of the site is set for an open air entrance offering a through-route to the High Street bypassing the police station and clocktower.

Lewisham shopping centre: current and planned layout

With the soon to open pedestrian-only route through Lewisham Gateway it will mean people can reach the High Street from the station almost entirely away from the roadside except for one crossing.

Pedestrianised route through Lewisham Gateway seen above will lead to another new through-route ahead

The report also mentions a project in Finchley and that planning was awarded for 1,800-homes “with site enabling works starting later this year, ahead of potential start of main project in 2025”.

M&S building on left would be retained

It then adds: “The significant size of our medium-term London and mixed-use pipelines means it is unlikely that we will fund all of this on our own balance sheet, so we will explore opportunities to access other, complementary sources of capital to help accelerate the delivery of these opportunities.”

Which suggests progress at Lewisham is dependent on finding a partner.

Car park on Molesworth Street in line for demolition

An outline application with detailed plans for the first stage are possible this year, with approval then targeted in 2025.

 

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J Smith

I've lived in south east London most of my life growing up in Greenwich borough and working in the area for many years. The site has contributors on occasion and we cover many different topics. Living and working in the area offers an insight into what is happening locally.

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