: New Covent Garden, London Borough of Wandsworth
: VSM (Vinci & St Modwen JV)
: Q4 2012 - Present
The New Covent Garden Market in Vauxhall is an ageing facility. During 2013 a development partner was sought to deliver a new market facility and a large residential led, mixed use scheme on the surplus land. JLL were appointed by VSM to provide development consultancy advice throughout the lifetime of the project. The completed development has a GDV in excess of £2bn and the revised planning consent encompasses over 2,000,000 Sq ft of development.
The CGMA requested that VSM produce a strategy to minimise development disruption whilst maximising the value of the asset. Further value through a revised planning consent delivers overage to CGMA, therefore a comprehensive development strategy was required.
- Successful representation of the client to preferred bidder of the Development Agreement.
- Market facing development consultancy and immediate experience in the locality gave competitive edge.
- Ongoing role towards delivery.