Mixed-use developer Hammerson is to work up proposals for the regeneration of Smithfield Market, after the parent company of original developer, Thornfield Properties, went into administration last week with debts of over £100m

Hammerson could also take on some of Thornfield’s other schemes, including ones in Hemel Hempstead, Winchester and Thornaby in Teesside.

Last week it was picked as development and asset manager on Thornfield’s £350m BDP-designed Rock scheme in Bury.