The Westfield Stratford City development in east London is expected to create 1,500 more permanent jobs than previously predicted, according to new independent research.
Economists Volterra Consulting’s review of the shopping centre’s potential impact on the London economy found that around 10,000 employment opportunities will be made available, an 18 per cent increase on original estimates.
As many as 14,000 jobs could be created in total once part-time roles are added to the equation, the study concluded.
Westfield Stratford City will host some 300 retail units and a further 50 places to dine when it opens in September of this year, and Chairman of the London Olympics Sebastian Coe recently told Retail Gazette that he expects the centre to play a central role in the success of the Games in 2012.
A high percentage of the visitors to the sporting spectacle will pass through Westfield, which will provide a home to a number of recognisable British retail names such as department store John Lewis.
Indeed, John Lewis started a recruitment drive for its Stratford store last month, promising to create around 750 jobs in the process.
Michael Gutman, Managing Director for Westfield UK/Europe and New Markets, accompanied Culture Secretary Jeremy Hunt on a tour of the retail site yesterday, and the minister called Westfield Stratfod City a “key” part of the Olympic legacy.
Gutman added: “We are now working diligently towards the opening of Westfield Stratford City this September where we will create 10,000 permanent new jobs.
“Together with the 7,000 jobs we created at Westfield London in 2008, this is an additional 17,000 new jobs we have created in London within the space of three years at two very exciting new retail, leisure and community destinations.”