Wednesday 21 March 2012 7.02pm
Trust and United St Saviours are separate organisations, though I believe Camilla McGibbon is currently involved with both. They own different bits of land and buildings around the BM area and are separately responsible for deciding who they take on as tenants. There are several, extensive threads on this forum with some of the history of the events around BM over the last few years, if you care to search.
United SS own most of the terrace on Park Street
where Aesop are situated. I understand that the current leases will revert to USS (from Network Rail) once work on the viaduct to the rear of the terrace is complete. USS are currently seeking permission to undertake extensive work to the terrace, adding a top floor and making internal alterations to increase the density of flats in the buildings. Apart from several protected tenancies, these flats will be made available at commercial rents to maximise income for USS. The density of their proposed scheme is appalling, imo, but despite local objections to the scale of the scheme and the alterations to the buildings, it's (unfortunately) likely that USS will get the required planning permission. Meanwhile, the protected tenants are fearful that USS will seek to increase their rents over and above the current terms of their agreements once they can demonstrate that 'improvements' have been made to their flats. It's doubtful that the tenants need or want these 'improvements'. Sadly, some of the proposed work would not be necessary if USS had properly maintained the properties over the years.
If true, it is not surprising that the MD of USS has said wants the area to increasingly resemble Covent Garden (it already does so since the arrival of Paul Smith several years ago). He no doubt realises this will only enhance the potential rental return USS can get from tenants. The current retail outlets in that part of Park Street
are on short leases and will have to move out before work starts. If they want to return they may well be greeted by inflated rents.
The development of BM has been a separate issue, and the subject of negotiation between the BM Trust and Network Rail, who will soon be handing back the land around Bedale and Stoney St that was decimated to build the new viaduct. I understand the Jubilee Market (car park) traders are to relocate to those spaces, but are currently being mucked about by the BM management over the plans, so nothing changes there then, despite the departure of the (unlamented by most) Glynis Reagan.
I don't quite understand what point you are making re Hyslop's influence on the architecture. The proposals for the replacement buildings were drawn up and widely publicised several years ago, but I don't know what (if any)say he had in their design or that of the new viaduct.
What do you mean by the question 'Does this mean that Borough Market
forms part of this wider strategy for the area?'. Who's 'wider strategy'?