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Guardian's King's Cross event space plans abandoned

Newspaper pulls plug on planned Midlands Goods Shed project as it tackles £58.6m loss

Pictured: Midlands Goods Shed

Plans to turn former London train depot the Midlands Goods Shed into a large events space have been abandoned.

Guardian Media Group, publisher of the Guardian and Observer, had planned to turn the 2,800 sqm King’s Cross site into an area for events and community gatherings.

However, the plans have been abandoned as the group looks to cut operating losses, which amounted to £58.6m in the year to the end of March. Guardian Media Group is also set to cut 250 jobs and restructure the less profitable parts of the company in a bid to break even within three years.

Built in 1850, the Midland Goods Shed started life as a temporary passenger terminal while King’s Cross station was being built. After the completion of the station, the building was used for handling and storing goods brought to King’s Cross from across the country.

The restored Grade II listed building, owned by property developer Argent, was originally scheduled to open its doors in September 2016.

The Guardian intended the space to serve as “a forum for a vibrant, iconoclastic, playful and diverse mix of formats and ideas; powered by our journalists and an eclectic mix of partners ranging from Central St Martins and Birkbeck, University of London, to Technology will Save Us, 5x15 and The School of Life.”

However, in December, the newspaper asked Argent to suspend work at the building to allow it to review its options.

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