Stanhope wins town centre deal

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The Independent Online

The long-awaited redevelopment of the town centre of Crawley, West Sussex, took a step forward yesterday, when the local council recommended developer Stanhope as its development partner.

The town suffered a setback when Grosvenor ended its plan to redevelop the 1950s-designed town centre last year.

The new scheme will be scaled down to about 500,000 square feet.

Stanhope which is also working on a town-centre project in Hereford, beat rival developers Centros, part of Delancey, with joint venture partner Development Securities, and the Australian property company Lend Lease, for the scheme.