Boris gives the go-ahead for London jobs boost

Mayor Boris Johnson has approved plans to redevelop a historic building in East London which will create 2,300 new jobs and boost the trades.  

The plans will see the demolition of the London Fruit and Wool Exchange which will make the way for a six-storey building for office and retail use to be build.

The Mayor believes the site and its location are vital to the prosperity of this fast developing part of the capital and to London’s wider economy.

Mayor Johnson used powers granted to him in 2008 to support the application, which had previously been refused planning permission by Tower Hamlets Council.

He said: “The historic London Fruit and Wool Exchange, in the heart of London’s East End, is a former commercial epicentre to which producers and buyers flocked from miles around to do business.

“These plans will not only restore the façade to its former glory, but regenerate the Spitalfields area with thousands of new jobs, and brand new commercial opportunities.

“It will also make a vital contribution to the wider London economy and have a significant impact not just on Tower Hamlets but on surrounding boroughs as well.

“I can find no reason to refuse permission and am of the firm view that this ambitious and important redevelopment should go ahead.”

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