UK regeneration specialist St Modwen Properties and its joint venture partner Vinci are to co-develop the New Covent Garden Market site in Central London.
UK regeneration specialist St Modwen Properties and its joint venture partner Vinci are to co-develop the New Covent Garden Market site in Central London.
The landmark multi-phased project has a gross development value of around £2 bn (€2.4 bn) and will entail the master planning of the entire 57-acre site situated next to Vauxhall Cross, Nine Elms.
The regeneration of the existing 57-acre New Covent Garden Market site will see the development of 51,000 m² of modern facilities which will house the 200-odd businesses that make up the UK’s largest fruit, vegetable and flower market.
The development will be funded through the release of 20 acres of surplus land which will then be developed to create a new high-quality residential led mixed-use regeneration scheme, providing up to 2,800 new homes and around 11,000 m2 of commercial accommodation.
