British Land and Universities Superannuation Scheme have secured planning approval from the Royal Borough of Kingston for the £400m regeneration of Eden Walk in Kingston upon Thames.
The proposed scheme, designed by BDP Architects, will regenerate part of the historic market town.
It will provide 28 new shops, 12 restaurants, one of which will be a sky restaurant with panoramic views across Kingston’s historic centre, 380 new homes, of which 10% will be starter homes, 35,000 sq ft of office space, a boutique cinema and three large public spaces which can host events.
Richard Wise, head of retail development at British Land, said: “Kingston is a special place which enjoys a unique blend of heritage, retail and leisure from its great riverside location. Looking forward, Kingston’s standing in Greater London will continue to rise, because the council has a positive growth agenda and is willing to get things done.
“The proposed redevelopment of Eden Walk is designed to complement the existing retail offer and create a high quality central space for Kingston which will over time, become the heart of the town. It will be a place that reflects modern lifestyles, where people can live, shop, work and relax with friends and family.”
Leader of Kingston Council Kevin Davis said: “We are immensely excited to see the redevelopment of Eden Walk move a step closer. To grow and prosper, the borough needs high quality and carefully considered schemes like this one and the fact that Kingston is able to attract such significant investment, is a huge vote of confidence in the future direction of the borough.
“Eden Walk is a key component in our plans to revitalise and future-proof our town centre, and follows on from the restoration of our Ancient Market Place and riverside improvements. Once completed Eden Walk will offer an attractive blend of retail, leisure and living space that is in-keeping with the character of our royal borough, and furthers our ambitions to make Kingston the dominant retail destination in south west London.”