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Metro Shopping Fund – Withdrawal of Clapham Junction Planning Application
18 May 2009
The Metro Shopping Fund (a joint venture between Land Securities
and Delancey) has withdrawn its planning application for a
major regenerative mixed-use development at Clapham Junction.
The Metro proposals, which had the full support of Network Rail and the Train Operating Companies, would have meant a much improved Clapham Junction station, a new bus interchange, improved public and circulation space around the station, 556 new homes, new shops and a cinema. Metro’s proposed improvements were designed to help revitalise the town centre and deliver a step change for Clapham Junction’s overloaded transport infrastructure.
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Jamie Ritblat, CEO of Delancey, said “We are all deeply disappointed and frustrated that, despite many years of close cooperation and support from Wandsworth, to ensure that our proposals met all of their objectives for the location and this very important transport hub, the Council has now seen fit to entertain a recommendation for refusal. We have invested significant resources to date, however in the absence of the Council’s support at the last moment we have been forced to withdraw our application.
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"We believe a project of this scale would have helped to stimulate
the wider London economy while providing lasting benefits for all
local stakeholders including job creation and improved infrastructure.
Metro will now review its position and consider what its future
options might be."
For further information contact Glenn Burton, 020 7448 1477; glenn.burton@delancey.com |
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