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Westfield Stratford 95% leased

Westfield Stratford is 95% leased or committed ahead of its opening next month.

The Australian property developer has said it is making “excellent construction and leasing progress” in the 1.9 million sq ft scheme, due to open on September 13.

Westfield Group chief executives Peter Lowy and Steven Lowy said: “We are extremely pleased at how well the Stratford project has leased up.

“We have assembled an exceptional tenancy mix which has more than exceeded our vision, particularly for fashion, food, entertainment and leisure, and it will be the next chapter in retail development for London,” Steven Lowy said.

John Lewis, Waitrose and Marks & Spencer will anchor the 300-unit scheme, located next to the London 2012 Olympic Stadium. It is one of only a handful of shopping centres opening this year.

At Westfield London, in the west of the capital, sales in the first half were up 20%. The developer said the centre is “on track to achieve annual sales of almost £1bn in 2011”.

Westfield’s UK shopping centre portfolio was 98.5% leased, at June 30.

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