The development in Shoreditch is called Boxpark and will comprise 60 recycled shipping containers that will be assembled on site to create two floors of commercial space.
The Boxpark development is intended as a five-year stop gap before the redevelopment of the area and is expected to house around 60 shops.
The development will be located opposite the recently opened Shoreditch High Street overground station on the site of the old Bishopsgate Goods Yard, also known as Hackney Recreation Ground.
"I wanted to create something on a grand scale by using shipping containers and offer retailers short leases, versatility and cost-effective retailing that made sense – the antithesis of the out of town shopping mall,” said Boxpark's creator, Roger Wade.
