St Modwen and Vinci were this week selected to bring forward the £2bn redevelopment of New Covent Garden Market in Nine Elms, SW8.
The pair, through their VSM Estates joint venture, were selected for the 57-acre project ahead of Bouygues UK and Carlyle Group.
St Modwen chief executive Bill Oliver said: “It is a major, major scheme. At last we can now get on and have one-on-one dialogue with the market authority.
“We will look at the planning application they have submitted and it could be we look to do an amendment or a new submission.”
The New Covent Garden Market Authority’s plans for the site include a 500,000 sq ft market to house around 200 businesses, 2,800 homes, shops and public space.
Construction is expected to start on site by mid-2013.
Oliver added: “We believe our success is down to our extensive experience in delivering highly complex regeneration schemes such as this, in partnership with a global leading construction and concessions business in Vinci.”
Drivers Jonas Deloitte is advising the CGMA; GL Hearn is acting for VSM Estates.
