British Land and Universities Superannuation Scheme have unveiled plans for a £400m regeneration of the Eden Walk shopping centre in Kingston next year.
The redeveloped site will provide over 400 homes in a crescent and new sky restaurant around a circular central square. New buildings will vary in height from five-storeys to ten and one taller building of 19 storeys.
Kingston council will hopefully grant permission early next year, allowing a start on the scheme in the early summer, which will create 700 construction jobs.
The Eden Walk Shopping Centre was built in the 1960s, and is currently home to a multi-storey car park, 28 retailers and cafes, and office space but is in long-term decline.
The new scheme will breathe new life into the town centre, helping to counteract the pull of Westfield in Hammersmith, the West End in London and Guildford.