Sainsbury’s says proposals for a welcomed Tube extension station will halt its plans to invest millions in its planned regeneration scheme for New Cross Gate.
The supermarket chain is lobbying transport bosses to change plans to locate a Bakerloo line station on its car park close to New Cross station.
Sainsbury’s says the move would jeopardise the future of its store on the New Cross Gate Retail Park, which employs 239 people and will stymie its plans for a regeneration scheme on the site with up to 1,400 homes.
The company is urging Transport for London (TfL) to consider a number of alternative sites it has earmarked. The retail park, off New Cross Road, also features a Sainsbury’s petrol station, a TK Maxx, Dreams Bed superstore and a Curry’s electrical store.
Last week Transport for London (TfL) published the results on the proposed extension of the Bakerloo line from Elephant & Castle to Lewisham and welcomed the “strong public support” shown. However it did also note that 11.3 per cent of people expressed concerns over the potential temporary loss of the Sainsbury’s and the other shops on the site.
However, a spokesman said that no final decisions have been made on station locations and work was still ongoing. TfL said the extension would improve transport and support the creation of 25,000 homes and 5,000 jobs in the area. However, a spokesman from Sainsbury’s highlighted that the Tube extension will not open until 2030, while it has already appointed Mount Anvil as development partner and is keen to start investing in and regenerating the area now.
He said: “Our New Cross store has been trading for over 20 years and we are planning to invest millions of pounds into the area. We want to redevelop the site to provide a new supermarket and up to 1,400 homes, a significant number of which will be affordable. “This will also act as a springboard for further investment and development in the local area, as well as creating hundreds of local jobs.
“If TfL insist on putting a new station on our car park it will stymie regeneration and planned investment across New Cross Gate and put the future of our existing store at risk.
“We are continuing to talk to TfL and have highlighted a number of other suitable locations for a station.” He gave reassurances that the company would not close the supermarket while the proposed development takes place and would consult widely with the community on the plans. Matthew Yates, TfL’s head of transport planning and projects, said: “We recently completed a public consultation on our proposals for the Bakerloo line extension and we have published the results. “The consultation gave local people and businesses the opportunity to help shape our plans at this early stage. No final decisions have been made as we are now considering the issues raised.
“The extension will benefit the area by improving connectivity, providing alternative travel options and reducing journey times. It will help deliver 5,000 jobs and around 25,000 new homes when built, and the construction phase will also generate jobs.”