P-Three, a retail, leisure and placemaking agency, has been appointed by The City of London Corporation (CoLC) to transform Leadenhall Market into London’s “leading dining destination”.The Grade II*-listed market, in the heart of the Square Mile, comprises 41 units across 78,000 sq ft and serves more than 650,000 City workers as well as millions of visitors each year. The current structure dates from 1881, with the market’s origins stretching back to the 14th century.
Under the appointment, retail and leisure agency P-Three will curate a revised tenant mix aimed at strengthening the market’s appeal across the week. The strategy is intended to build on Leadenhall Market’s existing retail and food and drink offer and increase footfall and sales.
The City of London Corporation said the approach would focus on attracting a range of occupiers, including restaurants, wine bars and retail operators, while preserving the character of one of the City’s best-known landmarks.
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The appointment forms part of the Corporation’s Destination City programme, which aims to boost the Square Mile’s cultural, leisure and hospitality offer and encourage more weekend visits.
Thomas Rose, co-founder at P-Three, said: “This mandate is an incredible opportunity for us to play our part in transforming an iconic landmark in the heart of London into the City’s leading dining destination. Leadenhall Market already benefits from high footfall and an extraordinary global profile, which will make it a highly sought after location for the world’s most exciting retail, leisure and F&B brands.
“We look forward to working with The City of London Corporation to curate a tenant mix that aligns with their vision for this prized asset. “Our strategy will support City of London’s ‘Destination City’ programme, which is helping accelerate the evolution of the Square Mile into a cultural hub that matches its world class reputation as a superpower of global business.”
He added: “A vibrant City of London with an increasingly rich and varied offering is already attracting visitors seven days a week and unlocking its potential appeal to workers, residents and tourists alike.”
Chris Hayward, policy chairman of the City of London, said: “Leadenhall Market is one of the City of London’s most treasured landmarks, and this next phase of its evolution marks an exciting step in realising its full potential as a vibrant seven-day-a-week destination.
“At the heart of the City of London, the Market is uniquely placed to showcase a mix of innovative, best-in-class dining and hospitality experiences that enhance its character while meeting the evolving expectations of workers, residents and visitors.“
