Plans for a £150M development of flats at Shepherd’s Bush Market have been scrapped, and traders are celebrating.

Developers Orion Land & Leisure pulled out of the project after the Court of Appeal quashed a compulsory purchase order that was needed to make the redevelopment viable, according to the Evening Standard.

The original plan was to provide 194 new apartments, 15 mews houses, five live/work units and 32k SF of retail. The company promised to use the profits to pay for an overhaul of the rundown side alongside a railway viaduct.

But traders at the 102-year-old market balked, complaining that the new plans did not not provide adequate safeguards for their future.

Orion will now hand over control of Shepherd’s Bush Market to its JV partner, U+I. Traders and the council are in discussions about the future of the project. [ES]