The corporation decided in a separate vote last November to permanently close Smithfield and Billingsgate when it pulled the plug on a planned £740m relocation to a new site in the east of the capital at Dagenham, blaming rising costs.
Subject to the successful passage of the Bill, the redevelopment of the Smithfield site will create an international cultural and commercial hub, complementing the London Museum. The Grade II listed building will be reimagined to preserve its history while evolving into modern, state-of-the-art facilities.
At present, the plan is to redevelop the Smithfield site into a “cultural and commercial hub”. Billingsgate, meanwhile, is slated to become 4,000 new homes. The CLC says the development will include affordable homes – but that it's “too early” to confirm how many. First, an Act of Parliament is needed.
Jason Holland. Billingsgate fish market – which is the oldest fish market in the U.K. capital of London and what was once the world's largest fish market – is set to close in 2028 after the City of London Corporation recently decided to withdraw its support.
The City of London and Smithfield traders have come to an agreement for the market to move to a 'New Smithfield' which will be 'within the M25'. Traders will move after the historic market in Farringdon closes in 2028.
London's 900-year-old Smithfield meat market to close as Dagenham move abandoned
Why are they closing Smithfield?
While many are concerned for traders and the loss of the market's unique sights, sounds and smells, the corporation's decision – blamed on rising costs – is just the latest step in the decades' long transformation of the wider Smithfield area.
The corporation decided in a separate vote last November to permanently close Smithfield and Billingsgate when it pulled the plug on a planned £740m relocation to a new site in the east of the capital at Dagenham, blaming rising costs.
Anyone can buy meat, poultry and provisions at Smithfield. It is open to the public by Charter: walk through the Market, look around, talk to the salesmen on the front of the stalls.
Are Smithfield meat market and Billingsgate fish market set to close in 2028?
The study was commissioned by the City of London Corporation to assess the impacts of the proposed move. Traders will remain at Smithfield and Billingsgate until at least 2028, with financial support to move to new locations of their choosing.
What is the future of the Smithfield Billingsgate market?
The markets will continue at Smithfield and Billingsgate until at least 2028, giving ample time for traders to plan and execute a smooth transition to new market sites.
Museum director Sharon Ament said that one reason for the move was "a failing building with problematic entrances and a location which is difficult to find". A competition was held to find an architectural firm to design the new building, with over 70 firms taking part.
The announcement by the City of London Corporation in November that Smithfield market is to close after almost 900 years of trading has been met with surprise and dismay. Many Londoners fear Smithfield's special sense of place will be lost for good as a result.
It has been confirmed that Dublin's Victorian fruit and veg market in Smithfield will finally reopen in 2026. The historic red brick building on Mary's Lane, between Capel Street and Smithfield, has remained empty since its closure in 2019 to facilitate redevelopment.
Joseph W. Luter, Jr. Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion. It was the largest Chinese acquisition of an American company to date.
The ownership structure of Tyson Foods (TSN) stock is a mix of institutional, retail, and individual investors. Approximately 77.31% of the company's stock is owned by Institutional Investors, 1.57% is owned by Insiders, and 21.12% is owned by Public Companies and Individual Investors.
As part of the transaction, the Swift companies undertook a series of tender offers and consent solicitations to restructure existing debt. Following the acquisition, JBS expanded its U.S. operations through a series of additional purchases. In 2008, it acquired the beef operations of Smithfield Foods for $565 million.
If the plans proceed, the Smithfield site will become home to the new London Museum, while the land at Canary Wharf that will be unlocked by relocating Billingsgate could provide around 2,000 new homes, it said.
Smithfield was almost a city within a city – and one with its own hours. To give customers time to buy and prepare their meat for sale the same day, the market opened at night.
Smithfield meat market, near St Paul's Cathedral, and Billingsgate fish market in Canary Wharf are to be closed after the City of London Corporation voted to withdraw support for them. The Corporation said it would now work with traders to help them find alternative premises.
Smithfield Foods Inc.'s initial public offering raised $522 million, with shares pricing below the marketed range. The world's largest pork producer and an indirectly owned subsidiary of Hong Kong-listed WH Group Ltd., sold about 26 million shares for $20 each, according to a statement.
The City Guides run walking tours of Smithfield for members of the public on a monthly basis. Hear how Smithfield meat market has changed throughout its 800 year history and experience its working life first-hand on this special tour.
As the largest wholesale meat market in the UK and one of the largest in Europe, Smithfield Market is a cornerstone of London's culinary scene and a must-visit destination for food enthusiasts.
Smithfield meat market to close for good after relocation plans voted down. London's historic Smithfield meat market is to close for good after the City of London Corporation voted to pull out of plans to relocate it and Billingsgate fish market to Dagenham.
