Subject to planning consent, preliminary work on the development could start as early as summer 2018.
Over the life of the vast project an estimated 5,000 construction jobs will be sustained.
Designed by architects Callison RTKL and Chapman Taylor, the proposed development will see the shopping centre double in size to around 2m sq ft
The plans involve refurbishing and extending the shopping centre for more than 200 new shops and stores, 60 restaurants, a cinema complex and hotel accommodation.
Brent Cross town square plan
The developers will also build a new town square and relocate the existing bus station as well as improved public spaces.
Brent Cross London is the northern element of the vast £4.5bn regeneration plan for Brent Cross and Cricklewood, for which Hammerson and Standard Life Investments secured outline planning consent in 2010.
Living bridge design to connect wider development plans
A new landscaped boulevard bridge will span the North Circular creating a walkway for people from Brent Cross London to the regeneration being delivered by a joint venture between Argent Related and Barnet Council to the south of Brent Cross London for the very first time.
Peter Cole, chief investment officer for Hammerson said: “This marks another significant milestone in the transformation of Brent Cross. We will create a world-class retail destination that will be the catalyst for a new and vibrant quarter. Brent Cross has been an iconic part of retail for more than 40 years and our plans seek to ensure that it continues to define the next generation of retail in London”.
