Boxpark confirms closure of Shoreditch site

BOXPARK has confirmed it is set to vacate the East London site by end of the summer 2024 after talks to extend the lease in Shoreditch were unsuccessful. 

After a 12 year lease, BOXPARK Shoreditch has been served end of lease notice by landlords Bishopsgate Goodsyard. 

This follows the immediate commencement of works for the development of the site, after planning permission was granted by the Mayor of London for the redevelopment of the Bishopsgate Goodsyard, which will see new homes, retail and leisure, office space and a new park built on the 4.5 hectare site.

BOXPARK has already informed its employees and tenants of the closure, providing reassurance about job security for its staff and stability for its tenants – most of whom are independent businesses – by offering to relocate them to its other sites.

BOXPARK has played a fundamental role in the redevelopment of Shoreditch, bucking trends of High Street decline by driving more than 1.25 million visitors per year to the local area. Furthermore, the development has seen residencies from over 250 independent brands, and supported more than 270 jobs per year, generating almost £100m economic value for the City.

'We hope to return'

BOXPARK CEO Simon Champion comments: “Whilst our time in our current site at Shoreditch is coming to an end, we look forward to celebrating all that we have achieved at the venue over the summer before we go on to relaunch Buck Street Market in Camden and mark the launch of our first BOXHALL branded site in Liverpool Street this year.

“I want to take this opportunity to thank the millions of customers, tenants, and partners we have welcomed and worked with over the last 12 years. As a result of their energy and vibrancy, BOXPARK Shoreditch has become synonymous with the rise of Shoreditch as the heart of London’s creative industries and we are happy that we have played a role in the wider regeneration of the area along with our track record in delivering jobs and training for local young people, which has delivered significant reductions in deprivation levels in our local community.

“With Shoreditch being our home for so many years, we hope to return as soon as we find the right opportunity. However, in the remaining time we have left in Shoreditch we will work as hard as possible to support our team with the transition and aim to relocate our 30+ tenants and their staff at our other sites, whilst giving all our wonderful customers an unforgettable farewell.”

BOXPARK’s track record in urban regeneration is well-established, with notable successes in each of its London locations (Shoreditch, Croydon and Wembley).

This year, the Group opened its first site outside of London with BOXPARK Liverpool seeing a spectacular launch and healthy post-launch trading. 

The Group has plans to open its debut sibling F&B brand BOXHALL in Liverpool Street later this year, relaunch Camden’s Buck Street Market in the coming months, and bring the BOXHALL concept to Bristol.

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