O2 Centre
The O2 Centre is an indoor shopping and entertainment centre on Finchley Road, London, near Finchley Road tube station. It is located in between Hampstead, West Hampstead and Swiss Cottage. It also has a large car park. Now owned by Landsec, previously X Leisure, and opened in 1998. Despite the same name and originally very similar logo, it is no relation to the O2 telecommunications brand, which was launched 4 years later. The name was chosen as reference to the spacious feel of the building, as O is the chemical formula for dioxygen. Since taking over the O2  Centre, Land Securities have been undergoing extensive redevelopment to improve the offering. With anchor units of Sainsbury's on level 0, Virgin Active (previously Esporta) on Level 1 and VUE cinema on Level 2, the centre is a unique mix of retail, entertainment and leisure – reflected in the centre's 18 hour+ opening times. History. Development. The opening of the centre in 1998 came after many years of the site remaining derelict. In the early 1990s the buildings along Finchley Road were demolished in preparation for the centre, but problems with planning permission, with concerns over traffic in particular, led  to construction being delayed by many years. A great deal of consultation took place with local residents, including asking them to vote from a choice of 3 designs for the exterior of the building, relating to different kinds of periodic elements – and asking them to suggest a name. Original plans included having a bowling alley in the location eventually occupied by Esporta, Sainsbury's being in the warehouse-style building occupied by Homebase, and the lower ground level (now Sainsburys) being home to several non-food retailers such as Waterstones. The original £15m budget for the build was  exceeded in early 1997, causing a temporary delay in the build until additional capital investors could be found. Proposed Closure. In November 2020, following a year of losses for Landsec due to the COVID-19 pandemic in the United Kingdom, it announced it intended to sell over £4bn of assets in the next four to five years. In December 2020, Landsec and Camden Council announced they would be closing the O2 Centre, which would be demolished and new housing would be built, with a limited amount of retail included. Transport. The closest tube station is Finchley Road, 100 yards south , served by the Jubilee and Metropolitan lines. Finchley Road and Frognal station served by the London Overground is a short walk away and West Hampstead railway stations are also in close proximity. There are several bus and coach routes that stop right outside the O2 centre including 13, 113, 187 and 268. Also close by are C11, 31, 46, 139, 328 and 603 bus stops. Local night buses are N113.