It includes over £20 million in contributions to community developments and projects including 162 affordable housing units out of 1,347 homes, with the potential to go up to 250 affordable if surplus cash is generated.
Westfield will also provide £12.25m to support infrastructure and development in neighbouring White City and beyond with a focus on improvements to education, skills and public spaces, £600,000 for jobs and training, including the provision of an enhanced ‘work zone’ facility, and £7m to support transport improvements.
The development is expected to create around 8000 jobs.
Cllr Stephen Cowan, leader of H&F Council, said: “We are very pleased to announce that on September 5, H&F Council issued the planning permission for Westfield London’s expansion, to allow the development to get underway.
“The plans will provide a dynamic and attractive gateway to Shepherds Bush town centre and the wider White City Opportunity Area, creating new jobs, housing – including much needed affordable housing – and £20m of community benefits agreed via the section 106. This is a great example of public-private partnerships working effectively to deliver beneficial regeneration.”
Duncan Bower, Westfield’s director of development, said: “Westfield London has always aimed to be a positive force for change in the local area – whether that is through our direct financial contributions or physical delivery for community benefit, the significant job opportunities the centre provides annually, or the further inward investment that is attracted to the White City Opportunity Area.
“With the new retail extension – and in particular attracting John Lewis to W12 – we will continue to contribute to the on-going rejuvenation of Shepherd’s Bush and White City.”