Plans for Future of Shepherd's Bush Market Site to Be Revealed
Owner wants build office block and housing on Old Laundry Yard
An aerial view of the Shepherd's Bush market site. Picture: Yoo Capital
The owner of Shepherd’s Bush market is holding a consultation about its plans for the future of the site including a possible development on the adjacent ‘Old Laundry Yard’ site.
Yoo Capital is holding a series of open days at the market in which it will exhibit designs of its proposals which will include the building of an office block and housing.
The company says it has already had extensive engagement with the Shepherd’s Bush Market Tenants Association (SBMTA) and market traders to understand their individual business needs. It is committing to ensuring that market traders can continue to operate during any construction taking place at the site.
Yoo Capital has frozen the rent for all market traders until 2031 at the earliest and will not charge any rent during any construction. Traders are also promised brand new units or investments in existing ones. The traders will also be given the option to ‘take a sabbatical’ during any construction and receive financial support. All traders have been given ten-year-leases with over 90% of tenants according to the company.
From the 15 October, Yoo Capital will be holding a series of open days for members of the public to visit the Shepherd’s Bush Market to find out more about the plans. At the same time, visitors will be able to give feedback on proposals for a new office building and affordable housing on the neighbouring Old Laundry Yard site.
The family-friendly public events are taking place on the following dates:
• Saturday 15 October, 10am-4pm
• Tuesday 18 October, 2pm-7.30pm
• Wednesday 19 October, 2pm-7.30pm
The meeting point for all three events will be 48 Goldhawk Road, Shepherd's Bush, W12 8DH. The consultation materials will also be available to view online from 15 October.
Yoo Capital Managing Director Andrew Thorpe said, “Over the last year, as we have seen the world re-open post-Covid, we have been rightly focusing on the Market and providing support for its traders. The Market has seen a decline in footfall in recent decades, made worse by the pandemic, and we are pleased to share plans to invest in it to and to create an ecosystem of affordable homes and offices around it that will reinvigorate it for decades to come.”
SBMTA Chair, Peter Wheeler said, “We are looking forward to the public consultation later this month and encourage everyone to visit the Market to learn about the proposals and see what’s on offer.”
Shepherd’s Bush Market has been operating since the beginning of the 20th century. Officially established just before the First World War, it has grown to become a trading community known for fabrics, food and finds from around the world.
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October 10, 2022