Member Article

Smithfield Market returned to City of London ownership

The historic Smithfield Market has been acquired by the City of London Corporation for £35m, just five years since it was sold to TH Real Estate.

The sale came after the government blocked the property developer’s £160m plans to transform the abandoned part of the site into shops, restaurants, bars and offices.

The Museum of London is hoping to move to the site, leaving its current home for redevelopment as a classical-music concert hall.

The buildings set to be redeveloped are at the western end of the site, between the Poultry Market building and Farringdon Street.

The meat market will continue to operate in the existing three buildings – the Poultry Market and the East and West Market buildings sited between West Poultry Avenue and Lindsey Street. The meat trading tenants recently signed new fifteen year leases with the City of London.

This was posted in Bdaily's Members' News section by Ellen Forster .