Bishopsgate Goodsyard work will progress in 2011 following talks between developers and architect

Developers Hammerson and Ballymore are to restart work on the controversial £800m Bishopsgate Goodsyard scheme on the edge of the City of London this year.

Building understands Hammerson has re-engaged architect Terry Farrell & Partners, which drew up the original masterplan for 2,000 homes and offices on the site before it was put on hold in the credit crunch.

Farrell is to review the original scheme with a view to restarting work as soon as possible, and the developers are understood to have contacted other consultants about taking the scheme forward.

A spokesperson for the scheme said: “This year we will be undertaking consultation with the local community and key stakeholders on the future for the Goodsyard.”