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Hackney London Borough Council

03/13/2019 | News release | Distributed by Public on 03/13/2019 03:51

Protecting Hackney’s creative heart – rent caps for Wick studios approved

The rules are set out in the Hackney Wick Central Masterplan, which will guide how new buildings in the area should look, what facilities they should provide, and how the regeneration underway in the area can build on its industrial heritage to make the most of the legacy of the London 2012 Olympic Games.

Around 8,400sqm of existing low-cost workspace will be reprovided in new developments under the new planning rules, alongside hundreds of new homes, modern retail and community facilities, and better streets and public spaces.

The masterplan marks the latest intervention to safeguard workspace and existing businesses in Hackney Wick, with the Council already in the process of refurbishing and letting two existing buildings that it owns - the Old Baths on Eastway and the Trowbridge Centre on Trowbridge Road - to local workspace providers. They will manage the buildings for existing small, independent and artistic firms at a heavily subsidised rate over the next seven years while redevelopment takes place on other sites in the area, enabling them to stay locally.