Yoo Capital’s plans for the redevelopment of Shepherd’s Bush Market, W12, have been given the go-ahead by the London Borough of Hammersmith and Fulham at a planning meeting this week.
Plans for the 4.2-acre site and market were approved following “lengthy deliberation” at the meeting yesterday (19 December), according to the London Property Alliance.
The redevelopment includes 400,000 sq ft of new space and features a nine-storey commercial building at its core. The AHMM-designed building will offer 240,000 sq ft of flexible office space, ground-floor retail and basement lab space operated by Imperial College London. The site will also include 40 affordable homes.
The scheme was set for approval by the council before the initial planning meeting was adjourned owing to disruption from demonstrators.
Police were called to the council meeting on 8 December after chanting protestors holding banners arguing against the redevelopment of the 109-year-old market disrupted the proceedings. The vote on plans was then pushed back.
The proposals include the demolition of the former St Mungo’s hostel buildings, which are currently used as artists’ studios and creative workspace.
Yoo Capital became the majority owner of the market and the adjacent Old Laundry Yard in 2020 after purchasing a 75% stake from U+I and has been involved in redevelopment plans since.
Permission has been granted despite the collection of more than 14,000 signatures on a petition to save the market which has been in circulation for close to a decade.
To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige or @EGPropertyNews
See which agents are doing the most deals in the London submarkets with our On-Demand Rankings >>
