westfield stratford

Westfield Stratford City is a shopping centre in Stratford, London, which opened on 13 September 2011. With a total retail floor area of 1,905,542 square feet (177,030.6 m2), it is one of the largest urban shopping centres in Europe, and the third-largest shopping centre in the UK by retail space, behind the MetroCentre and the Trafford Centre. Taking the surrounding shopping area into account, it is the largest urban shopping centre in the European Union. Originally fully owned by the Westfield Group, in November 2010 ABP Pension Fund and CPP Investment Board each purchased a 25% shareholding, with Westfield retaining 50%. Westfield Stratford City is adjacent to the London Olympic Park, East Village, Stratford Regional and Stratford International stations. The shopping centre is part of a large multi-purpose development project called Stratford City. It is promoted as contributing significantly to the local economy, with the creation of up to 10,000 permanent jobs including 2,001 going to local people. However, there are counter-reports of a significantly negative impact on other local businesses due to the preponderance of chain stores. Westfield Stratford City has been reported to be the first large-scale use of Pavegen floor tiles to harness kinetic energy. The site was formerly occupied by Stratford Works and Locomotive Depot. Wikipedia