FTSE 100 landowner pulls £1.5bn London shopping centre plans in row with Green council

A FTSE 100-listed landowner has shelved plans for a £1.5bn shopping centre project in South London after a local Green-run council refused to co-operate with the plans. Property giant Landsec, which owns Lewisham Shopping Centre, said it is “deprioritising” its plans to redevelop the site following a row with the local authority over affordable housing. Lewisham Shopping Centre will join a growing list of stalled regeneration projects in London, as developers warn that rising costs and local opposition are making building in the capital unviable.  Landsec’s plans to build 1,744 flats, student accommodation and a new shopping centre on the 17-acre site were approved by Lewisham Council in October last year. This decision gave the landowner permission to demolish the existing mall, which has stood since 1977, to make way for tower blocks up to 35 storeys high. But the project had recently been engulfed by a row over social housing, after it emerged that Landsec would on