CGMA Developments Progress
March 17, 2011Covent Garden Market Authority (CGMA) recently announced the completion of the next stage of its OJEU procurement process to select a private development partner to lead the regeneration of the site and create modern new market facilities for its 200 tenant businesses.
The 57 acre site next to Vauxhall Cross forms a key part of the Nine Elms area and is one of London’s largest development opportunities.
The news follows the launch of the final stage of pre-application community consultation on 3 March, where new images and details of The Garden at New Covent Garden Market were displayed to key stakeholders and the public.
An outline planning application covering the entire site will be submitted to Wandsworth Council this summer.
The Garden will be developed at no expense to the tax payer and will be entirely self financing from CGMA’s land assets, with the potential to generate a gross development value of around £1 billion. Further information is available by visiting the website link below.