The transformation of Covent Garden’s market area into Thames City marks a significant urban development, reshaping a historical site.
- Phase one of Thames City has been completed with the construction of 526 luxury apartments and additional public green spaces.
- The development, led by joint ventures and handled by Midgard, introduces a new urban quarter blending residential and commercial spaces.
- Innovative construction techniques, like on-site concrete batching, played a pivotal role in maintaining the project’s timeline.
- The successful completion of phase one sets the stage for further development and a new luxury residential experience.
The ambitious Thames City project represents a major transformation of the historic Covent Garden area, moving from a traditional market space to a modern urban quarter. The location, deeply rooted in London’s history, has seen a significant change with the implementation of a mixed-use scheme that combines residential and commercial elements around a new linear park.
Phase one of the Thames City development was accomplished with the creation of 526 luxury apartments housed in two prominent towers, accompanied by a 50,000 square foot podium and additional public green areas. This phase marks the initial steps in a broader vision to create a vibrant, integrated urban space, reflecting modern living and community needs.
The project is spearheaded by Excel Winner, following an initial joint venture between Hong Kong developers CC Land and R&F. A striking element of this development is the involvement of Midgard, a subsidiary of the JRL Group. Despite being relatively smaller on the construction firm leaderboard, Midgard secured its role partly due to its established relationship with the developers and its strategic capabilities.
The origins of this project trace back to 2012 with Skidmore, Owings & Merrill’s masterplan to revitalise New Covent Garden Market. The redevelopment is part of a larger regeneration effort in the Nine Elms area, incorporating significant improvements in transport infrastructure such as the Northern Line extension.
A critical decision in the search for the main contractor led to Midgard’s appointment, rooted in its unique capability to handle the project demands. The negotiations culminated in a lump-sum contract, reflecting a mutual understanding of financial and operational expectations between the developers and the contractor.
One key innovation was Midgard’s establishment of an on-site concrete batching plant. This approach ensured a steady and reliable supply of concrete, minimising potential delays and enhancing project efficiency—a crucial factor given the scale of development
By late 2020, significant progress had been made with the structural frames erected and the installation of specialised facade work and modular elements well underway. This strategic progress allowed a seamless transition into the interior fit-out phase, evidencing Midgard’s adept handling of complex project logistics.
Thames City is more than just a construction project; it offers a fresh perspective on urban luxury living. Set within the development’s expansive podium are amenities akin to those of a high-end hotel, including recreational and leisure facilities intended to enrich the residential experience.
The completion of Thames City’s first phase showcases the potential for further developments, setting a benchmark in modern urban living.
