The New Covent Garden Market Authority’s search for a developer to regenerate its 57-acre site in south London’s Nine Elms is under review.
The body, which this week announced plans to brand the market The Garden, said that work preparing the necessary documents for a tender in the Official Journal of the European Union was under way, “but exactly when this will begin is being kept under review by the CGMA board, given the economic conditions affecting the development sector”.
It had hoped to launch the tender this year.
The revamp – newly named The Garden at New Covent Gardent Market – will comprise restaurants, cafes, a business centre and education facilities, and will sit alongside the planned new modern market at the SW8 site.
CGMA chairman Baroness Brenda Dean said: “We believe that The Garden will become to food what Westfield London is to fashion.”
