BOXPARK announces that it is set to vacate the iconic Shoreditch site in East London by end of the summer 2024 as it gears up for two new site openings later this year in famous London locations; Camden Town and Liverpool Street, as well as making its debut in Bristol early next year, continuing the Group’s expansion efforts following the recent launch of BOXPARK Liverpool in April.
BOXPARK Shoreditch opened in October 2011 as a ‘meanwhile use’ scheme* at the Bishopsgate Goodsyard site which provided a platform for independent businesses to build their brand, create employment opportunities and catalyse the regeneration of Shoreditch.
After being temporary occupiers of the site for 12 years, BOXPARK Shoreditch has reached the expiration of its lease and notice on the premises has been served 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.
Dubbed as ‘the world’s first pop-up mall’, BOXPARK Shoreditch has grown into one of London’s most beloved dining and shopping destinations, as well as being a cultural hotspot. The scheme played a fundamental role in the redevelopment of Shoreditch, bucking trends of High Street decline by driving more than 1.25million 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.
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 will return as soon as we find the right opportunity, and we’re already in conversation with key stakeholders about a new offering for our Shoreditch customers. 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). Earlier this month, the Group announced it has assumed operational management of Camden’s shipping container food and retail complex, Buck Street Market. This will be the next iteration of BOXPARK to open following the closure of its Shoreditch outlet.
This year, the Group opened its first site outside of London with BOXPARK Liverpool (April 2024) seeing a spectacular launch and healthy post-launch trading. BOXPARK continues to grow its credentials for regeneration, economic impact and job creation, as it generated 150 new job opportunities and invested more than £5m into the Baltic Triangle, Liverpool’s creative and cultural district.
