Wandsworth Council has approved two major development projects by the river Thames that could create thousands of construction and longer-term jobs.
The One Nine Elms scheme would create two mixed-use tower blocks, with the resulting hotel and office space creating 500-600 new jobs.
The modernisation of the New Covent Garden Market would see the fresh produce market completely overhauled, safeguarding around 2,500 jobs.
Across the broader Nine Elms regeneration area, there are also plans for a new US Embassy, due to open in 2017; a redevelopment of a Sainsbury’s supermarket, planning for which was approved by neighbouring Lambeth Council last week; and a £63m extension of the London Underground’s Northern Line.
Wandsworth Council believes that in total, 24,000 construction jobs could be created across the various redevelopments, with a further 25,000 new permanent jobs to be created in the long term.
- Elsewhere, developer Quintain Estates & Development announced yesterday it had agreed a new joint venture with Hong Kong conglomerate New World Development, which “paves the way for the transformation of Greenwich Peninsula” further up the Thames. Chief executive Maxwell James says this will create “thousands of homes and jobs”.