The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Sunday, 17 November

All Systems Go for Garden Development

A £2 billion market project has been given the go ahead for New Covent Garden Market.

The10-year project will see the building of a 500,000sq.ft market south of the Thames with the prospect of the creation of thousands of new construction jobs.

Unconditional planning agreements for the £2 billion New Covent Garden Market have now been granted that allows development partners Vinci and S. Modwen to commence work on the site.

The scheme should also provide a boost to the local infrastructure with new housing, office space and a host of community facilities set to be built as well.

Work at the 57-acre site in the Nine Elms regeneration zone, on the south bank of the River Thames between Vauxhall Bridge and Battersea Power Station, is set to get under way in the summer. It will see modern market facilities built across 37 acres, leaving 20 acres of land for additional work.

There will be space for approximately 200 business in the market, while 3,000 new homes, 135,000sq.ft of office space and 100,000sq.ft of community facilities, including shops and restaurants, will also be developed. The whole area will be a hive of activity that will also see the new American Embassy and Battersea Power Station redevelopment project.

“This latest milestone enables the start on site of this major transformational project,” declared Bill Oliver, CEO, St Modwen and director of Vinci St Modwen (VSM). “It will deliver a substantial positive economic impact in terms of employment, housing, and investment for London.”

Picture:   Unconditional planning agreements for the £2 billion New Covent Garden Market have now been granted.

Article written by Mike Gannon

Share


Related Tags


Related Articles

Courthouse Called to Order

The Old Sessions House in Clerkenwell, London, a grand, former courthouse that once had a reputation for dishing out some the harshest sentences in the city, has...

 Read Full Article
A Piece of History Re-opens

The Piece Hall in Halifax, one of the most iconic heritage buildings in Britain, has re-opened its gates following a multi-million-pound transformation. The monumental...

 Read Full Article
Stirling Effort - Now for the Prize

The shortlist for the 2017 RIBA Stirling Prize for the UK’s best new building was announced on Thursday July 20. The six shortlisted buildings will now go...

 Read Full Article
Aero - Feel the Bubbles Melt

Hermes Investment Management has received planning consent for a major refurbishment of the Ascent Buildings in the Farnborough Aerospace Centre. The proposal is an...

 Read Full Article
Windows On The World?

Microsoft’s new German headquarters incorporates enormous panels to resemble gigantic windows opening onto the surrounding landscape, says Andreas Frisch. Opened...

 Read Full Article
London Office Crane Survey - Ups and Downs of Supply

London saw 3.9 million sq ft of new office space complete in the last six months, delivering the largest volume of office space in central London for 13 years. The...

 Read Full Article
Royal for Reading

Royal Elm Park, the £500 million landmark development adjacent to Reading Football Club’s Madejski Stadium, has been approved by Reading Borough Council,...

 Read Full Article
One in the Eye for Moorfields Development

Land Securities has been quick to issue a statement regarding its 21 Moorfields, London EC2 development with press speculation suggesting Deutsche Bank has made a huge...

 Read Full Article
Pounds to the Pumps - Museum Makeover

Abbey Pumping Station Museum in Leicester could be set for a £500,000 revamp as part of improvement works designed to increase visitor numbers and expand the...

 Read Full Article
Swansea Baying for a Government City Deal

Major investment in digital infrastructure is at the heart of the Swansea Bay City Region's 'Internet Coast' bid to the UK Government for a City Deal that...

 Read Full Article