The Dagenham site was acquired by the City in 2018 from Barking Power Ltd, and announced as a potential option for bringing Smithfield, Billingsgate and, initially, the Leyton-based New Spitalfields fruit and vegetable market, also owned by the City, together in the same place.
The City of London Corporation, which runs the site, said on Tuesday its council voted to stop operating Smithfield and Billingsgate fish market. The original plan had been to relocate the markets to a £1bn development in Dagenham, but a sharp rise in construction costs and wider inflation forced a rethink.
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.
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.
Exploring London's Historic Smithfield Meat Market | A Must-Visit Guide for Food Lovers!
What companies does the WH Group own?
WH Group is the largest pork company in the world, with leading positions in China, the US, and key markets in Europe. The group owns subsidiary companies such as Henan Shuanghui Investment & Development Co Ltd., Asia's largest meat processing company, and Smithfield Foods Inc., the biggest pork food company in the US.
Smithfield Packing Company was founded by Joe Luter Sr. and Joe Luter Jr. on Commerce Street in Smithfield. Years later, statues honoring the founding family, including Joe Luter III, were erected on our Smithfield Foods campus.
Can the public buy? 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. You will find a wide choice and high quality produce at excellent prices.
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.
The oldest meat and fish markets in London, which date back 850 years, are facing permanent closure from 2028. 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 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.
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.
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.
In 2013, Smithfield was taken private and became a wholly owned subsidiary of Hong Kong-based WH Group, which is publicly traded on The Stock Exchange of Hong Kong Limited.
Is London's Smithfield market set to close after 900 years?
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.
Still, the news this week that Smithfield will close — its owner, the City of London Corporation, killed a plan to move the market to a new site in East London — came as something of a jolt to him.
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.
The Smithfield Christmas Market launched last year and, while it definitely didn't contend with the big European markets, it was a welcome addition to the city. The new market boasts Ireland's first Ice Museum, an ice rink, a Big Wheel for city views, market stalls, and a cozy Nutcracker Snug.
Entry to the Christmas Market is free of charge while for certain attractions such as the Ice Rink and Ice Museum, advance purchase of tickets is recommended via the website. Tickets for the Big Wheel are available on site. Find out more at www.christmasspectacular.ie.
On 26 November a decision was taken by the Court of Common Council to end the planned move of Billingsgate and Smithfield markets to a new location in Dagenham, and instead to provide financial support to the traders to enable them to move to new locations of their choosing.
The City of London Corporation, the ultimate owner of the property, has been engaged in public consultation to assess how best to redevelop the disused property and regenerate the area.
The Town of Smithfield was named after John Smith, “The Miller,” who was granted land by Roger Williams. Smith was one of the original party of six men headed by Roger Williams that formed the first settlement in Rhode Island.
Smithfield Market is one of the oldest markets in London, primarily known for livestock and meat trading. However, it is not specifically a cloth market. The oldest cloth market in London is generally considered to be the 'Cloth Fair' which was established in the 12th century. Therefore, the statement is false.
