Yoo Capital’s proposals for the regeneration of Shepherd’s Bush Market and the adjacent Old Laundry Yard site have been approved by the London Borough of Hammersmith & Fulham.
The company submitted a planning application in May 2023 for 40 new affordable homes, a new commercial building with a life sciences incubator for Imperial College London, and extensive upgrades and financial aid to Shepherd’s Bush Market.
Yoo Capital became the majority owners of Shepherd’s Bush Market and adjacent land in September 2020 and has spent the last three years speaking to traders and developing its proposals in collaboration with them.
Lloyd Lee, managing partner at Yoo Capital, said: “We are very pleased that plans for Shepherd’s Bush Market have been approved. This begins an important new chapter for the traders and market stallholders who have served the community, residents, tourists and visitors for generations. The approved vision combines the efforts of local stakeholders, the community and ourselves, to create a long-term and successful future for all.”
Peter Wheeler, chair of Shepherd’s Bush Market Tenants’ Association, added: “On behalf of the Shepherd’s Bush Market Tenants’ Association, we are very pleased that the project now has the go ahead from Hammersmith and Fulham Council. The traders have been in limbo for the last 15 years and the market has been in a continuing downward spiral in footfall and trade. We’re pleased that we can now begin to plan for our future.”
