The new site is set to become the future home of Billingsgate, New Spitalfields and Smithfield Markets as part of the City Corporation's Market Co-Location Programme.
The City Corporation was awarded outline planning approval by the London Borough of Barking and Dagenham in March for the plans which would co-locate the three historic markets together for the first time. The concept design for the site will be progressed in September.
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The appointment as project managers was awarded through the Procure Partnerships Framework and the company is joined by Gardiner & Theobald as cost consultants.
Policy Chair at the City of London Corporation, Catherine McGuinness, said: "The appointment of Turner & Townsend and Gardiner & Theobald marks another significant step towards realising our vision of Billingsgate, New Spitalfields and Smithfield Markets growing and thriving alongside one another at a single state-of-the-art location.
"The Market Co-Location Programme is a once-in-a-generation opportunity to create one of Europe’s largest wholesale market destinations. It has the potential to deliver thousands of jobs, training opportunities, millions of pounds to the local economy and billions of pounds to the national economy.
"We are confident our plans will give our markets and traders the modern facilities they need to thrive and grow, delivering significant benefits for future generations."
