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Plans to go in for £800m Bishopsgate Goodsyard site
Heather Church - February 18, 2014

Hammerson will lodge a planning application this spring for the £800m redevelopment of Bishopsgate Goodsyard in London.

The developer is working in a joint venture with Ballymore on plans for the 4.3 hectare site on the edge of the City in Shoreditch.

Hammerson said: “The Goodsyard, London E1, is a 4.3ha site in Shoreditch held in a 50:50 joint venture with Ballymore Properties.

“The site has the potential to deliver a 260,000m² mixed-use development that will include 19,000m² of retail, 60,000m² of offices and more than 1,400 homes.

“The regeneration will also provide substantial public realm including a new park. A planning application is due to be submitted in spring 2014.”

Hammerson confirmed the plans during its annual results announcement which saw pre-tax profits more than double to £341.2m for the year to December 31 2013 from £142.2m last time