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Westfield Stratford signs raft of retailers

Australian property developer Westfield has signed a raft of retailers including Primark, Topshop and H&M to its shopping centre in Stratford.

Westfield said Stratford is now 60% leased or committed, with other big names including Next, River Island and Monsoon having signed up to the scheme.

Westfield also confirmed that US value retailer Forever 21 has signed to the development which is set to open in 2011.

Stratford is anchored by John Lewis, Marks & Spencer and grocer Waitrose.

In an update to the Australian market, the landlord said that Westfield London had “outperformed both the UK and Central London for the first quarter of 2010”, with like-for-likes up 16.5% and total retail sales up 24.1%.

It added that the centre remained 99% let and footfall for the quarter increased 12.8% on last year.

Westfield UK & European managing director Michael Gutman said: “With stores trading so strongly at Westfield London and the striking quality of the space being constructed at Westfield Stratford City, the larger format component, which is roughly 30% of the scheme’s area, is now virtually fully committed. With the anchors and larger format stores now largely in place, leasing focus is now on the specialty stores where demand has also been strong.”

Delivery of the project remains “on program” for completion for the second half of 2011and remains “in line with budget”, with costs expected to add up to £1.45bn.

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