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11/02/2016
Planning Approved For Revised £400m Scheme In London
CLS Holdings has gained planning approval for a revised £400 million twin-tower scheme in London.
Amendments to the existing application at Vauxhall Square have been approved by Lambeth Council.
The developer originally proposed building a four-star hotel at the site, but now over 100,000 sq ft of office accommodation will be developed in its place.
The 1.8 million sq ft site will now comprise of 454 apartments in two 50-storey towers and 124 'affordable' units, 353,300 sq ft of offices, a 186-suite hotel, shops, a multi-screen cinema and a hostel.
The amended scheme also includes a 454-bedroom student block, the land for which was sold to Urbanest in December.
Sten Mortstedt, Executive Chairman of CLS Holdings, said: "We are delighted to have increased the element of offices in our Vauxhall Square scheme, which plays to our strengths as office specialists. They will bring much needed commercial space and jobs to an undersupplied area at a time of high occupational demand and rising office rents."
(LM/MH)
Amendments to the existing application at Vauxhall Square have been approved by Lambeth Council.
The developer originally proposed building a four-star hotel at the site, but now over 100,000 sq ft of office accommodation will be developed in its place.
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The 1.8 million sq ft site will now comprise of 454 apartments in two 50-storey towers and 124 'affordable' units, 353,300 sq ft of offices, a 186-suite hotel, shops, a multi-screen cinema and a hostel.
The amended scheme also includes a 454-bedroom student block, the land for which was sold to Urbanest in December.
Sten Mortstedt, Executive Chairman of CLS Holdings, said: "We are delighted to have increased the element of offices in our Vauxhall Square scheme, which plays to our strengths as office specialists. They will bring much needed commercial space and jobs to an undersupplied area at a time of high occupational demand and rising office rents."
(LM/MH)
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