Campaigners submitted a bid to designate Shepherd's Bush Market as an asset of community value to protect it from redevelopment. Friends of Shepherd's Bush Market argue that Yoo Capital, the owner, plans to sell the site after redevelopment, which could jeopardize the market's future. Yoo Capital denies intentions to sell and asserts their plans provide the best opportunity for success. The community fears loss of diversity and support for existing traders due to gentrification. An ACV designation would prioritize community interests if the site is listed for sale within five years.
Campaigners have submitted a bid to list Shepherd's Bush Market as an asset of community value to protect it after redevelopment plans were approved.
Yoo Capital's plans for the market include new stalls, 40 council homes, and a nine-storey commercial building, aiming for future success.
Critics worry about the potential erasure of the market's diversity and support for traders due to gentrification under new ownership.
If granted ACV status, the community would have priority for five years in case the site is put up for sale.
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