The investment proposition:
The council is seeking private sector investment and development partners to deliver:
Up to £90m of investment in constructing the new entrance at Walthamstow Central Station, building on £5m investment by the council-led partnership for works completing in 2025.
The c.43,000 sq ft extension to 17&Central’s shopping centre and Town Square public space.
Work in partnership to develop proposals for council-owned, Local Plan allocated sites in the vicinity of the transport interchange for residential-led mixed-use with the potential for 1,500 new homes.
Key facts:
Planning permission secured by the Council, TfL and Capital & Regional for:
Walthamstow is a major London town centre and the civic, commercial and cultural heart for 300,000 residents of Waltham Forest. Walthamstow is one of the most accessible locations in the city, with over 20m passenger journeys per annum from the northern terminus of the Victoria Line, two London Overground lines and London’s third busiest bus station.
In the last five years, over 1,000 mixed-tenure homes have been delivered, alongside a 950-seat theatre, commercial uses, community infrastructure and the opening of University of Portsmouth’s London Campus.
To sustain this growth investment is required to address capacity and accessibility challenges at Walthamstow’s transport interchange, supporting the shift to low carbon transport. A public-partnership has been established comprising, the Council, TfL and Capital & Regional, long lease holder-operator of 17&Central shopping centre. The partnership have secured planning permission for a new step-free Victoria Line entrance. The first phase of works will be delivered by Spring 2025.
The partnership is seeking partners to invest c.£90m in phased completion of the full station entrance, targeted to open in the early 2030s, in turn unlocking significant further regeneration, including on public sector land, in line with the Council’s adopted Local Plan.
This investment will unlock c.£750m+ GDV phased mixed-use regeneration in the vicinity of the transport interchange and across the town centre.
