Wandsworth Council have approved VINCI St. Modwen’s plans for the landmark redevelopment of New Covent Garden Market.
This major, multi-phased project will modernise and secure the future of our iconic market whilst delivering one of the largest schemes in London’s Nine Elms regeneration area. This major 10-year project will see the transformation of New Covent Garden Market into The Garden, the future of wholesale markets. The Garden will be a place where businesses grow and innovation thrives. A place that brings together the best of our past and present to create our future. 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. This will include over 500,000 sq ft of new state-of-the-art market facilities, a new food quarter for London and The Garden Heart – a place to buy, make, sell, learn and share. The remaining land will be transformed into three high quality residential neighbourhoods comprising approximately 3,000 new homes, 135,000 sqft of office space and 100,000 sqft of retail, leisure and new community facilities, including shops, cafés and restaurants.
Based on this decision it is expected work will start on site in spring. The first phase will be works to upgrade utilities and other infrastructure in preparation for the construction phase in 2016.
New Covent Garden Market is already the greatest wholesale market in the UK. We are going to take what it means to be a wholesale market to a new level. All this is great news for the Market, our customers and our suppliers.