News & press

14/12/2011

GL Hearn submits planning for 1.65m sq ft, £400m Vauxhall scheme for CLS Holdings plc

GL Hearn’s planning team have just submitted a detailed planning application to the London Borough of Lambeth for Vauxhall Square, a 154,000 sq m (1,657,650 sq ft) mixed-use development scheme for CLS Holdings plc, a pan-European property company headquartered in Vauxhall.  The submission comes following a lengthy period of public consultation and stakeholder engagement, led by GL Hearn’s Strategic Communications team.
 
The proposed Vauxhall Square redevelopment is located close to Vauxhall’s transport interchange and comprises: two residential towers of approximately 50 stories containing 510 homes and 15,231 sq m (163,945 sq ft) of office space; 3,500 sq m (37,660 sq ft) of retail, restaurant and café space; 416 student units; a 438 bed hotel; a 4 screen cinema; 94 affordable housing units; a new homeless hostel; a major new public square (of similar size to Paternoster Square in the City of London); and public realm improvements.
 
Vauxhall Square is at the heart of the Vauxhall Nine Elms Battersea (VNEB) regeneration area between the Vauxhall transport hub and the proposed new US Embassy.  Subject to receiving planning consent, CLS would aim to start on site in 2014, with phases being completed from 2017 onwards.  The development cost of the proposed scheme is in excess of £400 million.
 
Richard Tice, Chief Executive Officer of CLS Holdings plc, commented:
 
“Vauxhall Square is a substantial mixed-use scheme and a key element to the Vauxhall Nine Elms Battersea regeneration plans.  It will deliver a striking, truly mixed-use, commercial and community hub, bringing much needed leisure and retail facilities to the heart of Vauxhall along with over 1,000 additional full-time jobs.  The investment of over £400 million, not dependent on the Northern Line extension, will act as a significant catalyst for the regeneration of Vauxhall.”
 
GL Hearn‘s planning and Strategic Communications teams are also bringing forward a planning application for ‘Spring Mews’, another CLS Holdings’ mixed-use scheme in Vauxhall, for which a planning submission is imminent.
 
For further information please contact:
Jo Sistern, Strategic Communications
Tel: 020 7851 4935


Vauxhall Square Scheme
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