The Department for Communities and Local Government and Secretary of State issued a statement on Friday 10th October 2014, which confirmed the Compulsory Purchase Order related to Orion's Shepherds Bush Market Development had been granted.
In response to the decision, Planning Minister Brandon Lewis said: "Shepherd's Bush Market has been part of west London's street life for almost 100 years - we want to ensure this landmark feature survives for 100 more."
"It has the potential to bring substantial economic, retail and social benefits to the area with a regeneration scheme safeguarding the distinctive identity of this iconic market."
"This market is held in great affection by the local community. Regeneration will enable it to continue to provide a diverse range of stalls to meet their needs as well as improving the appeal for new visitors and shoppers alike."
The regeneration project will bring more than 200 new homes to the area and also aims to rejuvenate the existing market and incorporate its long standing history into the development.
In response to the decision Richard Olsen stated: "We are extremely pleased with the decision, which paves the way for the modernisation of the Market. This will ensure it remains a vibrant centre for the area which local people can be proud of.
We've been delighted with the interest in the project and are now looking forward to getting started. We will continue to work closely with businesses, traders and the local community to ensure that the revitalisation of the Market respects its unique traditions and roots."
Source: Orion www.orionland.co.uk