CLS Holdings receives approval for revised Vauxhall Square scheme in London

WCN Editorial Team 3 Mar 2016 EUROPE BUSINESS

CLS Holdings has received approval from Lambeth Council Planning Committee for the revised £400m Vauxhall Square mixed-use project in London.

Revised plans for the project include the replacement of a planned four-star hotel with 108,586 sq ft of grade A office space. The amended plans will increase the office element in the project to over 350,000 sq ft or 30%.

Overall, the 1.6m sq ft project will feature 454 apartments in two 50-storey buildings and 124 affordable apartments, 353,300 sq ft of office space, a 186-suite hotel, 39,800 sq ft of retail space, a multi-screen cinema, as well as a hostel.

CLS Holdings executive chairman Sten Mortstedt 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.”

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