Out-Law News

St Modwen and VINCI submit New Covent Garden Market planning application

A joint venture between developer St Modwen and VINCI plc has submitted a reserved matters application to Wandsworth Council for the regeneration of the New Covent Garden Market in London's Nine Elms.

Under the proposals a new market known as 'The Garden', including a new food quarter will be added to the present facilities to provide a total of 500,000 square feet of market facilities with a focus on food and flowers.

The proposed redevelopment will also provide around 3,000 new homes, 100,000 sq ft of retail, leisure and community facilities and 135,000 sq ft of new office space.

Wandsworth Council granted outline permission to the scheme in October 2012.

"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," said St Modwen chief executive Bill Oliver in a statement.

"We are now looking forward to working alongside Wandsworth Council to secure planning approval and, with Covent Garden Market Authority, to transform the area into a lively and exciting new quarter for London," Oliver said.

Subject to grant of planning permission, work on the scheme is scheduled to start next year.

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