LONDON, Month Day, Year
Market Traders Face Relocation as Southwark Development Gets Green Light
A historic London market is set for major changes, with plans for new housing, office space, and community facilities—but not without disruption for existing businesses.
- Berkeley Homes has received approval to redevelop the market site.
- Up to 12 traders may be offered temporary relocation during construction.
- A relocation package will be provided for the remaining stall holders.
- The development will include 35% affordable housing.
A significant transformation is coming to a Southwark market as Berkeley Homes moves forward with a large-scale redevelopment project. The approved plans promise a mix of new homes, commercial spaces, and community amenities, but the project will require the relocation of current market traders. The development will include 35% affordable housing, aligning with the council’s established policy.
Relocation Plans for Market Traders
Berkeley Homes has stated that opportunities will be available for up to 12 traders to move to a temporary location nearby while the construction is underway. According to planning documents submitted to Southwark Council, the remaining stall holders will receive a relocation package to assist with the transition. The details of this package have not been publicly disclosed.
What will the new development include? The project will deliver a new office block, flexible space for cafés or retail businesses, and a community centre anticipated to be occupied by a Latin American group. It will also create 1,780 square metres of new public space.
Beyond Retail: A Community Hub
The redevelopment isn’t solely focused on commercial interests. The plans incorporate a new community centre, which is expected to be utilized by a Latin American group, fostering a space for cultural exchange and local gatherings. The project also aims to enhance the surrounding area with the creation of 1,780 square metres of public space, offering residents and visitors a welcoming environment.
The inclusion of a new office block and flexible retail spaces suggests a broader vision for the area, aiming to create a vibrant mixed-use destination. This development signals a shift in the area’s character, balancing commercial growth with community needs.
