The relocation of three historic markets to a new site in Dagenham will free up huge tracts of land for mixed-used developments, the City of London Corporation has said.

The news comes as main architect Chetwoods released a concept image of its outline proposal for the new triple wholesale market which would be built on a disused power station near Dagenham Dock.

The plans would see Smithfield, Billingsgate and New Spitalfields markets vacate their existing sites in the capital and moved to the eastern edge of London, a location chosen for its rail and river links.

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