Landsec's O2 Centre masterplan reaches final consultation stage

By

Nigel TAYLOR

Published
Oct 8, 2021

Building new stores and leisure/social spaces within a new green neighbourhood are key to Landsec’s proposals for developing and expanded its 300,000 sq ft O2 Centre in Camden, North London, which is entering its final phase of public consultation.

The property giant also said the Finchley Road-based centre is just one of five suburban London shopping centres in its portfolio “that have significant repurposing potential”.

Landsec has launched that final stage of public consultation on the proposals for the O2 Centre, ahead of the submission of its formal planning application at the end of the year. This final stage of consultation includes key details on “how the new site and buildings will look and feel”.

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It’s no surprise that with retail feeling the pinch, the proposals would see the O2 Centre site transformed from purely a shopping centre and surface car park into a new green neighbourhood “which reflects Camden’s vibrant culture and delivers something for everyone”.

And while that minimises the retail element, it could also boost the stores that take space given the large number of people who’ll live in the area.

Current proposals also include the creation of a new, pedestrianised, sustainable neighbourhood with around 1,850 new homes; public open space representing 50% of the site, plus those new stores, including a new supermarket, leisure spaces, cafes and restaurants.

The project also forms part of Landsec’s ‘grow through urban opportunities’ strategic pillar, which refocuses capital into urban neighbourhoods, in London and other major regional cities.

Landsec’s Project lead Timothy Trillo said: “The masterplan for the O2 Centre is an example of the opportunities we can develop - new urban neighbourhoods that are shaped by local communities and celebrate local identity.  

“This mixed-use, multi-phase approach enables us to bring schemes to life as we develop, creating a sense of place, purpose and belonging to future proof their success”.