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London's latest retail development: Paddington

By Don-Alvin Adegeest

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Retail

London's West End is about to see a little retail competition with the newly approved regeneration of the Paddington Quarter.

The local council has agreed the retail precinct around Paddington railway station, a Grade-I listed building, including where the Royal Mail is housed, can be transformed into a 775 million pound retail regeneration project.

The development will create 4000 jobs

The West-London site is expected to create 4000 jobs and early forecasts show it could bolster the British economy by 350 million pounds per year.

In a joint statement developers Great Western Developments and Sellar Paddington Ltd said: “We are delighted with yesterday’s decision which, after many months of assessment and public consultation, acknowledges the many benefits the scheme will provide to those living and working in Paddington as well as providing an international gateway to the capital.”

Councillor Robert Davis, the deputy leader of Westminster Council said this would be a “game-changer for Paddington”.

SPL chairman Irvine Sella said Paddington Quarter would be “a catalyst to create a thriving neighbourhood – for retail, leisure and business”.

“Our 775 million pound development will bring a range of quality shops and restaurants to the area that we believe will make Paddington Quarter a fantastic place to work and visit. The scheme will breathe new life into this under invested area and create a truly global gateway,” he added.

According to the Retail Gazette work on the development will begin early next year.

Photo credit: London's Paddington Quarter

Paddington Quarter