VINCI St. Modwen (VSM), the 50/50 joint venture between St. Modwen Properties PLC and VINCI PLC, and its partner the Covent Garden Market Authority (CGMA), last night received planning permission to deliver the landmark redevelopment of the 57 acre New Covent Garden Market site in Nine Elms.
The extension of London Underground’s (LU) Northern line from Kennington to Battersea via Nine Elms has been given the go-ahead today by the Secretary of State for Transport.
The Mayor and Transport for London (TfL) today announced the start of initial consultation on proposals to remove the Vauxhall gyratory, as well as their intention to proceed with Cycle Superhighway 5, a largely segregated route between Oval and Pimlico. TfL is also inviting comment on revised proposals for the section that runs along Harleyford Road in Vauxhall.
The greatest transformational story at the heart of the world’s greatest city.
This is how we see Nine Elms on the South Bank and how important the area’s regeneration is for the boroughs of Lambeth and Wandsworth, the rest of London and the UK economy as a whole. This is the last piece of the central London jigsaw and will complete the redevelopment of the South Bank.
The area will become an ultra-modern, exciting destination in central London offering 18,000 new homes, 25,000 new jobs, new schools, parks, culture and the arts.
Up to 22,000 construction jobs will be created in Nine Elms on the South Bank between now and 2022 as the multi-billion pound regeneration programme continues. Employment opportunities are being targeted at local residents to ensure existing communities in and around the opportunity area are among the first to benefit. The development programme will generate up to 1,000 construction and engineering apprenticeship places for young Londoners – more than the Crossrail project and Olympic site put together. Once the building programme is complete the area will be home to 25,000 permanent jobs.
The Nine Elms Vauxhall Partnership was created in 2010 to coordinate and drive forward the transformation of this entire district of central London. Co-chaired by the leaders of Wandsworth and Lambeth Council, it includes the area’s main developers and landowners, the Mayor of London, Transport for London and the Greater London Authority. Supported by a dedicated Programme Delivery Team, this unique public-private partnership has a shared vision for the area and is responsible for promoting this both locally and internationally and is driving forward its ambitious placemaking agenda in close consultation with local communities.
The Parternship's business plan is currently being developed, which will set out priorities for the next 12 months and the period up to March 2016.
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Over the last 30 years the South Bank of the River Thames has made an extraordinary transition from industrial heartland to an internationally recognised cultural destination. Today its attractions include the London Eye, National Film Theatre and Royal Festival Hall. We will extend the vibrancy of the South Bank through Albert Embankment and Vauxhall to Battersea – connecting the old Bankside Power Station, now the Tate Modern, with a new town centre at Battersea Power Station. Vauxhall has already established itself as a fresh, distinctive nightlife destination with an increasingly popular blend of cafes, bars, galleries and nightclubs. As it continues to benefit from a wave of new investment and new public space its vitality and appeal will continue to grow.
The area will benefit from three iconic attractions; a regenerated Battersea Power Station, the new United States Embassy and New Covent Garden Market – the largest fresh produce market in the country. It will also include almost 3km of Thames river frontage, lined with cafes, bars, restaurants, cultural attractions and public space. A new linear park will run right through the area from east to west making it one of the greenest districts on London's South Bank.
Major new investment is transforming Vauxhall into a pedestrian and cycle friendly environment with improved connections to the riverside and high quality public space. A redesign of the gyratory system will tame through traffic and enable the creation of four distinct quarters, each with its own unique identity and attractions.