The designer outlet village that AEG Europe and Crosstree Real Estate Partners are developing at the O2 in Greenwich will be called “Icon”.
The joint venture is also planning a 110,000 sq ft extension at the scheme, which will be anchored to a 50,000 sq ft cinema extension operated by Cineworld and a 30,000 sq ft trampoline park, which has been leased to Oxygen Freejumping.
The planned 205,000 sq ft 90-unit designer outlet village is already under construction.
Alistair Wood of AEG Europe, development manager for the joint venture, said: “This site, coupled with the ongoing Designer Outlet Village development, will complete the loop of space around the O2 arena. Together they will deliver a further four to five million visitors per annum to the O2 each year. Trampolining appeals to a broad demographic and will further diversify the leisure mix offered at the O2, to complement the retail offering which will open in Q4 2018.”
David Stalker, chief executive of Oxygen Freejumping, said: “The O2 has been voted the number one global entertainment venue for the last 10 consecutive years and is visited by nine million people annually. This number is expected to rise to over 13 million with the opening of the Designer Outlet Village and the Greenwich peninsula regeneration project.”
Contractor McLaren is to deliver the new development project, which is scheduled to open in Q1 2019. Lloyds Bank has extended its existing loan to the AEG and Crosstree joint venture to finance the project.
