Spring/summer start for £2bn Covent Garden Market regeneration
by Jak Phillips | 09 Feb 2015
Records of the market can be traced back to 1654, while the current neo-classical structure dates back to the 1830s / Shutterstock / Kiev.Victor
Developer St Modwen aims to have work underway on the £2bn mixed-use redevelopment of New Covent Garden Market by this summer, according to the company’s full-year results statement published last week.
Work at the site of the UK’s largest fruit, vegetable and flower market – a 57-acre area situated next to Vauxhall Cross in the Nine Elms regeneration zone – is being led by St Modwen with joint venture development partner Vinci.
Architecture giants BDP and SOM won approval for their plans from Wandsworth Council in November – a “refinement” of the scheme by Foster & Partners and Neil Tomlinson Architects which won planning in 2012.
The plans have been backed by the Covent Garden Market Authority and would see a new food quarter created as part of the new market, while around 50,000sq m (538,196sq ft) of facilities will be developed for the 200 business that operate out of the massive bazaar.
In addition, the plans include an 8ha mixed-use development which would contain the residential element, alongside 13,000sq m (139,931sq ft) of office space and 9,000sq m (96,875sq ft) of leisure and retail space.
19 May 2014
Covent Garden Market subject to £2bn mixed-use development plans
19 Jun 2012
Wandsworth Council approves two Nine Elms development projects
31 Mar 2009
Covent Garden Market Authority to launch new food centre
08 Aug 2006
Covent Garden sold for £420m
Developer St Modwen aims to have work underway on the £2bn mixed-use redevelopment of New Covent Garden Market by this summer, according to the company’s full-year results statement published last week. Work at the site of the UK’s largest fruit, vegetable and flower market – a 57-acre area situated next to Vauxhall Cross in the Nine Elms regeneration zone – is being led by St Modwen with joint venture development
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