A JV between Development Securities and Orion Land has expressed an interest in redeveloping Shepherds Bush Market.
Residents are currently being consulted – for the second time this year – on the council’s overall planning and regeneration brief, which proposes that the Transport for London-owned market would be enlarged to take in a former laundry site on Pennard Road, along with land currently owned by Broadway Centre and Peabody Trust and redeveloped to include new homes and public spaces. The council also envisions a new ‘cultural quarter’ – with the Bush Theatre moving into the old Shepherds Bush Library.
Orion Shepherds Bush – a joint-venture between Orion Land and Leisure and Development Securities – have told the council that they are interested in regenerating the area. LBH&F Council’s Cabinet will discuss in October whether to give Orion an option to buy the council’s land on Pennard Road, the former laundry site. The option could only be taken up if the developer is able to assemble the rest of the land needed to come-up with a viable scheme – based on the final planning brief – that ultimately gets planning consent.
Cllr Stephen Greenhalgh, H&F Council Leader, said: “Shepherds Bush Market deserves to be the standard-bearer for all London’s markets. The Market has been in existence for nearly 100 years and is now in desperate need of new life if it is to maximise its undoubted potential.”
The Council will decide whether to adopt the updated planning brief, following the latest public consultation, at the full council meeting on October 27. A full copy of the council’s draft planning and regeneration brief can be viewed at www.lbhf.gov.uk/sbmarket.
See previous coverage.