Australian developer starts wave of redundancies as it holds back three multimillion-pound schemes

Westfield has delayed UK shopping centres worth 拢1.2bn and started a wave of redundancies as the economic downturn takes its toll on retail development.

It is understood that the Australian developer, one of the sector鈥檚 biggest clients, has put back the start of its 拢700m Nottingham Broadmarsh scheme, the 拢320m Bradford Broadway development and a 拢140m extension to The Friary in Guildford.

The extent of the delays is unclear; however, one source close to the company said the firm did not realistically expect to start construction work on its programme until the 鈥渂ack end of 2010鈥.

The expected start dates of these projects have never been announced, although local press reports from Bradford say that scheme, where enabling works have taken place, was expected to achieve completion in 2010. Westfield is understood to have alerted consultants and firms within its supply chain that the pipeline of work will come on stream later than anticipated.

The firm鈥檚 拢1.45bn Stratford City development, where it is currently on site, will continue as planned for a 2011 opening although it is believed the firm is considering reconfiguring its fit-out timetable.

The developer, which completed the 拢1.6bn Westfield London shopping centre at White City in October, has instigated a wave of redundancies. It is believed that up to 80 people from its design and construction division could be affected, together with almost 100 freelance workers.

A Westfield spokesperson confirmed that the company was carrying out a redundancy consultation. He said: 鈥淔ollowing the completion of Westfield London, we are currently reviewing our resource levels. We are in the middle of a consultation period so it is too early to confirm the full outcome. However, some reductions to our current staff are anticipated.鈥

He added: 鈥淲e are committed to all our developments in the UK.鈥

Delayed

Nottingham Broadmarsh
痴补濒耻别&苍产蝉辫;拢700尘
厂颈锄别&苍产蝉辫;136,000尘虏

Bradford Broadway
痴补濒耻别&苍产蝉辫;拢320尘
厂颈锄别&苍产蝉辫;588,000蹿迟虏

The Friary extension, Guildford
痴补濒耻别&苍产蝉辫;拢140尘
Size The extension will add 269,000ft虏 (25,000m虏) to the existing 161,460ft虏 (13,000m虏)