WESTFIELD SUPPORTS LOCAL ORGANISATIONS THROUGH NEW COMMUNITY GRANTS INITIATIVE
9 January 2009
Countries: United Kingdom
STRATFORD: The Westfield Group (ASX: WDC) is launching a new community grants initiative as part of its 1.45 billion Stratford City project.
Westfields development will turn Stratford into a new Metropolitan Centre for East London adjacent to the Olympic Park, and will provide an exciting mix of world-class retail, dining, leisure and entertainment facilities, together with state of the art offices, hotels and homes.
The community grants scheme, which will launch in early 2009, will support local organisations who are looking for sponsorship of up to 1,000 and up to 40 projects will be selected every year. The project will run for at least 2 years.
Any kind of project will be considered, as long as local people will benefit. The successful projects will be chosen based on a flexible set of criteria which will allow a wide variety of projects to benefit, though projects operating in Newham will be favoured initially.
John Shimmen, Development Director for Stratford City, said: We are looking for creative projects which will make a small but real impact on local residents and businesses. We know there are loads of fantastic community organisations in Newham doing great work for the borough. This scheme allows them the to opportunity to access much needed funding to ensure their work continues.
Interested organisations should call 0800 012 1536 for more information.
NOTES TO EDITORS
- Stratford City will transform attitudes to working and living in east London, introducing modern retail, leisure and entertainment facilities (1.9m sq ft/175,000 sq m), office (1.1m sq ft/106,200 sq m) and hotel space (0.4m sq ft/34,800 sq m) as well as residential apartments, community amenities, contemporary landscaping and public spaces. Westfield Stratford City is part of the plans to build 160,000 new homes in the Thames Gateway region between 2001 and 2016.
- Westfield Stratford City is anchored by a John Lewis department store, a Waitrose supermarket, and Marks & Spencer. It will have around 300 shops and 5,000 car parking spaces.
- Westfields Stratford City retail development serves a catchment comprising 3.3 million people with an estimated retail spend of 23 billion.
- The overall age profile of Stratford is geared towards a younger demographic, with more than 35 per cent of households falling within the age range 25-44 years by 2011. In addition to this are the many tourists and visitors who visit the area, with the nearby London City Airport handling 1.4 million passengers per year, serving 23 European destinations.
- More than 25,000 construction jobs will be created throughout the duration of the Stratford City project, with a peak of 4,500 workers on site at one time. It is estimated that more than 18,000 permanent jobs will be created on completion. By 2016, the Thames Gateway will have created 200,000 new jobs, three quarters of which can be accommodated across Stratford City and Canary Wharf.
- The new Stratford International Station will promote Stratford as Britains front door to Europe, serving Paris and Brussels in approximately 2 hours. Local rail links will reach St. Pancras in 7 minutes, Ebbsfleet in 10 minutes and Ashford in 20 minutes. Stratford City is also served by DLR, Central and Jubilee services and has direct rail links from London City Airport. It is estimated that daily passenger numbers at Stratford Regional Station will increase 124% from 37,000 in 2007 to 83,000 in 2016 and currently approximately 40% of Newham residents travel to work via tube or train. In the Lower Lea Valley 17 billion will be invested in public transport in the lead up to 2012.
- CrossRail will further enhance Stratfords connectivity to both east and west (including the City and Heathrow) with 24 passenger trains an hour in each direction.
- A new regional bus interchange at the heart of the site will be the focus for bus routes and all buses will connect to both the regional and international stations. Supporting road network improvements will be created for buses and cars to access Stratford City, and over 5,000 dedicated retail car parking spaces will be provided.
The Westfield Group (ASX: WDC) is an internally managed, vertically integrated shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing in excess of 4,500 staff worldwide. The Group has investment interests in 119 shopping centres in Australia, the United States, New Zealand and the United Kingdom, with a total value in excess of A$60 billion and is the largest retail property group in the world by equity market capitalisation.