The City of London Corporation and the e-commerce giant Amazon are going head to head in the race to buy the site of Barking Power Station in east London.
The City of London Corporation and Amazon are going head to head in the race to buy the site of Barking Power Station in east London.
The local authority wants the 42-acre plot to become the new home of its three wholesale food markets – Billingsgate, New Spitalfields and Smithfield – as part of a consolidation plan to secure their long-term futures.
A City Corporation spokesperson said the markets were “part of the very fabric of London” as the authority mulled over a potential bidding war with the e-commerce and cloud computing giant.
“In order to secure their continued success and best possible future, following a strategic review, we are developing a programme for consolidating the City Corporation’s wholesale markets on to one site,” they said.
“As part of this programme we will be consulting with the market tenants, traders and their customers, and other key stakeholders to develop the operational requirements for a new market and take their views on the programme and potential sites into account.”
“Our number one priority is to maintain a top-quality market environment for all to enjoy.”
Both Billingsgate and New Spitalfields were earmarked as potential residential development sites under the Corporation’s Project 3,000 strategy to build 3,000 homes across its existing property portfolio over the next decade.
A leaked progress report presented to the Housing Delivery Programme Working Group at the beginning of the year suggested the Billingsgate site had potential for 1,500 new homes, and 1,200 for New Spitalfields.
Amazon, meanwhile, has outlined proposals for a four-storey distribution centre that would service much of the Capital.
It would be the first of its kind in the UK and help boost their growth in the London market.