Shopping centre giants Westfield are set to start work again on its stalled Bradford Broadway development, after it was suspended in 2008 due to financial troubles. The £260m development will restart in January and is expected to be completed by Christmas 2015.
Creating 1,500 construction jobs and then 2,500 new jobs once open, the 570,000sq ft shopping centre will include a 106,000 sq ft Debenhams department store and a 63,000 sq ft Marks & Spencer, plus 70 more shops, restaurants and cafes, including Next, River Island, Top Shop, Top Man and Sainsbury’s.
Westfield has sold its interest in the scheme to European retail real estate investment manager Meyer Bergman with the backing of two Canadian pension funds. It will however begin the construction work itself.