VINCI St Modwen, the 50/50 joint venture between St Modwen Properties and VINCI PLC, and its partner the Covent Garden Market Authority, last night received resolution to grant planning permission to deliver the 57-acre New Covent Garden Market site in Nine Elms, SW8.
The 10-year project deliver more than 500,000 sq ft of state-of-the-art market facilities across a 37-acre site, with the remaining 20 acres transformed into three high-quality residential neighbourhoods comprising 3,000 new homes, 135,000 sq ft of offices and 100,000 sq ft of shops, leisure and new community facilities.
St Modwen chief executive Bill Oliver said: “Wandsworth council’s decision allows us to contribute to the long-term transformation of London’s newest residential and commercial quarter while securing the future of New Covent Garden Market by delivering vitally important world-class market facilities.”
The jv hopes to start work on site in the first half of next year.
