Ballymore and Hammerson have received approval for two reserved matters planning applications at Bishopsgate Goodsyard in London.
The Greater London Authority (GLA) has approved the delivery of 36,000 sq m of workspace above Shoreditch station, which will include affordable space for SMEs.
Designed by Gensler and Buckley Gray Yeoman, the scheme will also deliver 600 sq m of new retail space fronting Bethnal Green Road and Shoreditch High Street as well as a new ‘Middle Road’ connecting Brick Lane and Shoreditch High Street.
The GLA has also approved restoration plans for five derelict historic buildings on Sclater Street, which will be brought back to life. Designed by Chris Dyson Architects, the fully restored buildings will offer new retail, café and co-working space, in addition to three homes on the upper floors.
John Mulryan, group managing director at Ballymore, said: “These RMA approvals mark the beginning of delivery of The Goodsyard. The result will be the re-opening of one of London’s most important historical assets located between the City and Shoreditch.
“The office site presents a rare opportunity to create one of the most forward-thinking workspace environments in London. Our flexible, sustainable commercial spaces are specifically designed with the end user’s needs in mind for both functionality and well-being. The area will celebrate and expand on the ever-evolving creative vibe of Shoreditch.”
Harry Badham, chief development and asset repositioning officer at Hammerson, added: “The Goodsyard is one of the last undeveloped sites of scale in central London which has the potential to lead the way in terms of placemaking and holistic regeneration. This proposed workspace building is part of creating a new international destination rooted in a unique and ever-evolving local culture.
“The workspace building will bring new physical connections to this area while delivering a significantly improved ground floor experience for both workspace users, residents and visitors to Shoreditch.”
Once complete, the entire Goodsyard site will provide up to 500 new homes, including 50% affordable; 1.4m sq ft of workspace; a new 2.6 acre public park; new restaurants, retail and leisure spaces; and two new cultural spaces.
