CLS plan new office space development in London.
Vauxhall is to be transformed thanks to CLS redevelopment.
CLS have revealed plans for a major office renovation in Vauxhall, London. The company intend to redevelop the area surrounding their headquarters to create more office space and increase the amount of retail outlets.
The mixed use project is expected to cost around and £250 million and will see Vauxhall Cross transformed into a 1.2 million square feet hub of activity.
Planned features include 200,000 square feet of office space, a 300 bed hotel, a new cinema complex and 400 residential apartments. The company are also planning on creating a student accommodation building in close proximity to an additional 80,000 square feet of retail and public space.
CLS want the project to have the same feel and success as Paternoster Square in the centre of London. Chief executive of CLS, Richard Tice has claimed that the development would establish the Vauxhall are as “the next major London growth zone”.
The US Embassy is also due to move to the area from its current office space in Mayfair. The embassy will move to Nine Elms after the completion of its new headquarters, which is expected to begin in 2013. CLS have high hopes for the area after already receiving support from businesses and potential stakeholders.
“We have already secured substantial support from early discussions with a number of key stakeholders and major nearby landowners,” commented Richard Tice.