New Covent Garden Market planning application submitted

Plans for the regeneration of the 57 acre New Covent Garden Market site in Nine Elms, London to

create around 100,000 square foot of retail space, along with new homes and offices has been submitted.

The development is a 50/50 joint venture between St. Modwen Properties and Vinci in partnership with the Covent Garden Market Authority and marks one of the largest multi-phased projects to be considered for the Nine Elms area on the South Bank, one of London’s key mixed-use development areas.

The development releases 20 acres of surplus land which will be transformed into a high quality residential neighbourhood comprising of approximately 3,000 new homes, 135,000 square foot of new office space and 100,000 square foot of retail, leisure and new community facilities, including shops, cafes and restaurants.

Bill Oliver, chief executive of St. Modwen, said: “This latest milestone is a hugely important step forward for this vital and complex regeneration project which will act as the gateway to the Vauxhall, Nine Elms and Battersea Opportunity Area. These plans present a world class development that will create jobs, attract investment and transform this important part of Nine Elms.

“We are now looking forward to working alongside Wandsworth council to receive planning approval and, with CGMA, to transform the area into a lively and exciting new quarter for London.”

If the planning application is successful, development work on the new market could start as early as 2015.