The developer behind a 22-storey hotel planned for the site of a famous Shoreditch bar has submitted detailed plans for how it will rescue two large Banksy artworks from the scene.

Preparatory demolition work is imminent for Squire & Partners’ cylindrical Art’otel scheme – eight years after Hackney planners first approved it amid angry opposition from conservationists and locals.

The 0.22ha site, at the tip of Shoreditch Triangle where Old Street, Great Eastern Street and Rivington Street converge, is home to a 1950s office building and the former Foundry pub described as “a crucible of the Britart movement”.

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