Bishopsgate land sale puts development plans on hold
Railtrack successor Network Rail has sold the Bishopsgate Goods Yard to speculative developer Hammerson. Observers believe the move will end any involvement with the site on the part of both Dutch masterplanner Kees Christiaanse, contracted by Railtrack, and HTA Architects, retained by local campaigner group Stop the Blight.
Hammerson maintains that all options are still being considered for the land, but Jon Aldenton of Stop the Blight said both projects planned for the site are 'dead in the water'.
Any new plans will be put on hold for two years until the Strategic Rail Authority decides if it can afford to fund the East London Line Extension, which was postponed three weeks ago for financial reasons (AJ 6.2.03).