Construction to start on £2bn New Covent Garden Market during summer

An artist's impression of the facility. Image: VSM
An artist's impression of the facility. Image: VSM

Construction is due to commence on the £2bn New Covent Garden Market site in London this coming summer. The site is to receive a facelift at the cost of £2bn. The regeneration project is being led by Vinci and St Mowden in a 50/50 joint venture.

 

Vinci St Mowden (VMS) were selected in 2012 to lead the delivery of the project after a procurement process started in March 2010.

 

The London Borough of Wandsworth granted planning permission for the scheme last year.

 

The new market – to be renamed The Garden - will be funded in part by releasing land not needed for core market trading for development. The existing market currently trades on 57 acres and will be consolidated into 37 acres, freeing up 20 acres of surplus land.

 

The scheme, situated next to Vauxhall Cross in the Nine Elms regeneration zone, is expected to take around ten years to complete and the final result will include 550,000 sq ft of modern office facilities to house the 200 businesses that make up the market.

 

It is being described as “A destination for food and flowers with community at its heart. A place where every food business in this country will want to call home.”

 

A new fruit and vegetable market will be the centrepiece of the scheme. 3,000 homes (including affordable housing), a multi-storey car park, 135,000 sq ft of commercial accommodation, 1,000sq ft of retail, leisure and community facilities will be built.

 

The transport secretary has approved a £1bn connecting underground line to serve the area, expected to open by 2020. Two new stations will open: Nine Elms to the east, and one near to the Battersea Power Station redevelopment.

 

St Mowden said of the project: “We are targeting to achieve unconditional status in the first half of 2015, with preparatory works starting on site shortly afterwards.”

 

The market will continue to trade throughout the building process. 

 

Sources:

www.constructionenquirer.com/2015/02/03/summer-start-for-new-2bn-covent-garden-market/

 

newcoventgardenmarket.com

Please rate

Comments 

Ctrl + Enter

Most Read

Handling your interview

Handling your interview

How to do a good interview, know your CV inside out.   As the popular saying goes, if you fail to plan, you inherently plan to fail. Most people have had their own fair share of ‘forgettable’ interview moments, we’ve all been there. However, moving forward, here are some

How to dissect a job description (an easy way to start to prepare yourself)

How to dissect a job description (an easy way to start to prepare yourself)

Most people spend around 49.27 to 76.7 seconds going through a job description as revealed by a job posting site known as TheLadders. A majority of the job openings will usually be divided into various parts; a general review of the company, a key responsibility section, years of experience and

World's first 3D-printed home unveiled in France

World's first 3D-printed home unveiled in France

"The Future is already here. It's just unevenly distributed"  (William Gibson)    Visionary author William Gibson was right on the money with that quote. With at least 60% of the worlds population moving to cities and large urban areas by 2050 the need for well built, resource

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.