Wandsworth council approves Covent Garden Market and One Nine Elms schemes

New Covent Garden

Planning permission for almost 3,000 homes across two separate projects in the Nine Elms part of London was granted by Wandsworth Council last night.

The approvals included go-ahead for the outline application for the regeneration of the New Covent Garden Market site, which will see the creation of 2,491 homes, leisure uses and a 200-bed hotel on a 25-ha part of the site of the market.

The permission for the Covent Garden Market Authority includes the payment of a £63m section 106 charge, most of which will go towards an extension of the Northern Line. Last month the CGMA selected a joint venture of French contractor Vinci and developer St Modwen to build out the scheme.

The second approval was for a detailed application for the KPF-designed One Nine Elms scheme from developer CIT and Green Properties, which will see the replacement of a 1970s tower block on Nine Elms lane with two towers of 58 and 43 storeys.

It will create 487 new homes, office space and a hotel.

The decisions follow the selection by the administrators of Battersea Power Station last week of a preferred buyer, SP Setia, for the scheme.
Wandsworth Council’s planning chairman Cllr Nick Cuff said the decision showed the council was making “tremendous progress” at Nine Elms. He said: “The modernisation of New Covent Garden Market is designed to safeguard the future of 2,500 jobs and comes with a contribution of around £63mn towards the Northern Line Extension.

“By the time the process is complete this old industrial area will have become an ultra modern district on the South Bank, complete with new parks, a public market, two more tube stations, new cultural attractions and all sorts of exciting new businesses. It will be a remarkable transformation.”