Where is Smithfield's meat market moving to?

Smithfield's historic meat market is set to move from its current Farringdon location to Albert Island in the Royal Docks, located in East London, with the move expected to occur before 2028. The City of London Corporation is relocating the market—along with Billingsgate fish market—to a new 10-hectare site to modernize facilities,, following the abandonment of previous plans to move to Dagenham.

Where is the new Smithfield Market going to be?

On December 3, 2025, Albert Island at the Royal Docks was announced as the new preferred site to co-locate Smithfield and Billingsgate Markets. These markets will become known as New Smithfield and New Billingsgate Markets.

What will happen to Smithfield meat market?

April 2019: The City of London Corporation announces plans to move Smithfield, New Billingsgate and New Spitalfields markets to one mega-site in Dagenham. November 2024: Dagenham is off! The City of London announces that the markets will still close, but they will NOT now relocate to Dagenham.

Where is Spitalfields market moving to?

What is planned for the site? The City of London Corporation has decided to combine the location of all three of its wholesale markets. This includes Billingsgate, New Spitalfields, and Smithfield Market. They will be moved to a site at Dagenham Dock.

What is happening at Smithfield Market?

The City of London Corporation has been looking at relocating the Smithfield and Billingsgate markets for some years. Smithfield Market is set to become a new cultural and commercial centre, with the new Museum of London already under construction in the old General and Poultry market buildings.

What £90 Gets You at Smithfield Meat Market in 2025!

Are Smithfield and Billingsgate markets to close due to decreasing demand for meat and fish?

The corporation announced the permanent closure of London's historic Smithfield meat market and Billingsgate fish market in late 2024, when it pulled the plug on a planned £1bn relocation to a new sitein the east of the capital at Dagenham.

Did Smithfield get bought out?

Smithfield Foods, Inc. Joseph W. Luter, Sr. Joseph W. Luter, Jr. Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion.

Why are they shutting the billingsgate market?

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.

Where are Londoners moving to in 2025?

In 2025, 68% of London leavers stayed in the South of England (South East, South West or East of England) – the highest proportion since 2021 and up from 62% in 2024. This marks a reversal of the pandemic and then affordability-led trend that pushed buyers further into the Midlands and North.

Can the public go to Smithfield Market?

Yes, London's historic Smithfield Meat Market is still open and operating with its traditional early morning hours (Midnight to 7 AM weekdays), but it is slated for permanent closure by 2028 after the City of London voted to abandon relocation plans, meaning the market's future in its current location is limited, though traders are being helped to find new spots, and new market complex plans are in progress for Docklands. 

How much does the CEO of Smithfield Foods make?

SEC filings show Smithfield Foods CEO made $14.9 million in 2024.

Should I buy a flat in London in 2025?

Buying a flat in London in 2025 presents a balanced market with opportunities, as mortgage rates are stabilising and more housing stock is available, creating a better buyer's market, but affordability remains a challenge and long-term potential for capital growth (though slower than past years) is a key draw, especially with global investment and regeneration continuing. It's a good time to negotiate, but you need strong finances and a focus on long-term value, considering factors like energy efficiency and location. 

Why is Smithfield Ham closing?

A Smithfield Foods spokeswoman said that the smokehouse had reached the end of its useful life and that the company has plenty of genuine Smithfield hams stockpiled to satisfy immediate demand.

What is the future of the Smithfield market?

The markets will continue at Smithfield and Billingsgate until at least 2028, giving time for Traders to plan and smoothly transition to new sites, subject to the Bill being passed. The markets will be known as New Billingsgate and New Smithfield respectively once they relocate.

What is the trendiest area of London?

All of Hackney is cool, but in recent years I'd argue that Hackney Wick has really become the coolest kid on the block. It's street art-lined streets are packed with craft breweries, bars, nightclubs and artists' studios, and the area was even voted the 'coolest neighbourhood in London' back in 2023 – not too shabby.

What are the London property hotspots for 2025?

Looking ahead to 2025, London's property market offers great opportunities for refurbishment. The top five hotspots—Woolwich, Tottenham, Peckham, Croydon, and Barking and Dagenham—are diverse options for investors.

What is the happiest place to live in the UK 2025?

Skipton named the happiest Town in Great Britain for 2025

Having previously come in second in 2020 and sixth in last year's Happy at Home Index, Skipton has topped the list ahead of more than 200 locations that were involved in this year's study.

Where is the nicest but cheapest place to live in the UK?

The nicest but cheapest places to live in the UK often combine affordability with access to nature or culture, with top contenders including Middlesbrough, Sunderland, Hull, Burnley, and County Durham for low housing/rental costs, offering seaside access (Sunderland), rich history (Hull), or proximity to natural beauty like the North York Moors (Middlesbrough). Carlisle also stands out for its proximity to the Lake District and affordability.

Why has Lincoln Christmas Market been cancelled?

Lincoln Christmas Market was axed in 2023 by the city's Labour-led council due to concerns about overcrowding. The Conservative opposition proposed a £190,000 increase to City of Council's budget to fund the market's return.

Who owns the billingsgate market?

When the plan was made public, in April 2019, excitement was expressed about the City of London Corporation, owner of the Smithfield meat market in Farringdon, Billingsgate fish market in Poplar and the New Spitalfields horticultural produce hub in Leyton, consolidating all three in one place.

Which bacon comes from China?

Lop Yuk and Sam Gyup Sal

In China, bacon is known as “lop yuk.” Unlike bacon in the United States, Chinese-style bacon usually originates from pork loin instead of belly. The bacon is then salted and cured, before being sold in markets throughout the country.

How much is Joe Luter's net worth?

Joseph W. Luter III of Smithfield and Washington, $75 million.

Who is the largest shareholder of Smithfield Foods?

As of April 2025, WH Group, a publicly listed entity on the Hong Kong Stock Exchange (HKEX: 0288.HK), maintains substantial control over Smithfield Foods. WH Group beneficially owns nearly 93% of Smithfield Foods' outstanding shares, solidifying its position as the primary Smithfield Foods owner.