Developers plan 鈥楥ovent Garden style鈥 retail and office scheme

Plans have been submitted for a 拢300m scheme next to London鈥檚 famous Borough Market, which will create 200,000 sq ft of retail and office space.

A joint venture between SME developer Sherwood Street and investment fund manager Meyer Bergman is planning to transform the area immediately west of Borough Market, including the site currently occupied by wine and whisky attraction Vinopolis, as well as the surrounding rail arches, car park and an old warehouse. Construction could start as early as next Spring.

Tom Sherwood, owner of Sherwood Street, told 好色先生TV the joint-developers want to bring a 鈥淐ovent Garden style鈥 of retail to the area, which he said was missing fashion-led retail. The plans also include a cinema.

Sherwood said he is 鈥渉oping to get planning through in the autumn鈥 and intends to take vacant possession of the site in February.

The developers plan to revive the original Elizabethan street names to the area, such as Dirty Street.

The joint-developers have been through 鈥渁 detailed consultation鈥 with Borough Market, and local stakeholders, Sherwood said.

Sherwood added they are 鈥渘ot looking at going to the market for tenants till mid-next year鈥, but hope to be approached by possible tenants and actually 鈥渆xpect to be fully let from the word go鈥.

The project has been designed by SPPARC and principal Trevor Morris said the designs for the new buildings have been 鈥渋nfluenced by the surrounding architecture鈥.

Morris adds the designs aim to reinstate 鈥渓ost medieval north/south pedestrian links through the site,鈥 as well as create a public yard.

Sherwood said in his view the site was 鈥渙ne of the last locations鈥 left in London for a scheme 鈥渙f this size鈥.