Tesco site chosen for Hackney Walk fashion hub
A 3.5-acre Tesco site in east London is set to be redeveloped to become the centrepiece of Hackney Walk, a 1m sq ft fashion-inspired neighbourhood.
Jack Basrawy, chairman of Hackney Walk, announced today that an agreement had been made with the London Borough of Hackney for an option to develop the site on Morning Lane, E9.
Tesco will remain in situ in a newly developed, but smaller format store, and the remainder of the site will see the development of 270,000 sq ft of retail and commercial space and 245,000 sq ft of new, loft apartment-style homes – at least 20% of which will be affordable.
A 3.5-acre Tesco site in east London is set to be redeveloped to become the centrepiece of Hackney Walk, a 1m sq ft fashion-inspired neighbourhood.
Jack Basrawy, chairman of Hackney Walk, announced today that an agreement had been made with the London Borough of Hackney for an option to develop the site on Morning Lane, E9.
Tesco will remain in situ in a newly developed, but smaller format store, and the remainder of the site will see the development of 270,000 sq ft of retail and commercial space and 245,000 sq ft of new, loft apartment-style homes – at least 20% of which will be affordable.
The new development will form a major part of the £1bn Hackney Walk fashion hub, which is to be built over the next decade. The first phase, opened in October last year, was designed by British architect David Adjaye and has attracted brands including Nike, Matches Fashion, Zadig & Voltaire, Anya Hindmarch and Aquascutum.
Basrawy said: “We are determined to build a major fashion destination for London that will create many opportunities for local people, based on world-class architecture, top-quality retail, workspace and food and drink.”
Allsop advised the London Borough of Hackney; GL Hearn represented Tesco.
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