The Building division has received a £145 million contract for the construction of 500,000 sq ft of new state-of-the-art market facilities as part of the regeneration of New Covent Garden Market.
VSM, the 50/50 joint venture between St. Modwen Properties PLC and VINCI PLC was selected by Covent Garden Market Authority in March 2012 to deliver the regeneration of the site, including the provision of a modern new market.
This landmark 10 year project is the largest in the Nine Elms regeneration area.
The remaining 19 acres of land will be transformed by VSM into:
- three high quality residential neighbourhoods comprising up to 3,000 new homes;
- 135,000 sq ft of office space; and
- 100,000 sq ft of retail, leisure and new community facilities, including shops, cafés and restaurants.