Release
date:
24
June 2024
Embargoed
until: 07:00
am
CLS Holdings plc ("CLS" or the "Group")
CLS announces development plans for Citadel Place in
Vauxhall
CLS
is pleased to announce the plans for its Citadel Place (aka Spring
Gardens) site in Vauxhall, London. The property is one of the
largest in the CLS portfolio and represents an exciting opportunity
to further regenerate the area and create a vibrant community hub
while also providing long-term shareholder returns.
The
existing site, currently characterised by low-rise office buildings
built in the 1990s, is poised for a remarkable transformation. With
the expected vacancy in 2026 of the four buildings, CLS aims to
bring a well-considered and harmonised mixed-use development to the
area.
CLS
has partnered with the renowned architectural firm Allies and
Morrison to design Citadel Place. Their vision combines modern
aesthetics with a commitment to sustainability, ensuring that the
development blends with, and enhances, its surroundings.
Mixed-Use Development:
-
Residential Homes: The
plans include building 180-200 new homes.
-
Student
Accommodation: Citadel Place will provide purpose-built
student accommodation (PBSA) with around 450 bedrooms, catering to
the growing student demand in the area.
-
Shared Amenity
Spaces: Residents and visitors will enjoy communal
spaces designed for relaxation, recreation, and social
interaction.
-
Active Ground Floor
Uses: Retail units and other ground-floor spaces will
contribute to the vibrancy of the development.
-
New Open
Space: Citadel Place will feature landscaped areas,
including play spaces, enhancing the quality of life for
residents.
-
Connected Pedestrian
Routes: Creating pedestrian-friendly pathways through
the site will complete the connection between Vauxhall Pleasure
Gardens and Pedlar's Park, encouraging movement and interaction
between these areas.
Fredrik Widlund, CEO of CLS Holdings, said:
"Citadel Place represents our commitment to sustainable urban
development. We
envisage a place where people can live and thrive; supporting the
community within Vauxhall. CLS has operated and invested in the
Vauxhall area for over 35 years and continues to work closely with
the London Borough of Lambeth, residents and the local business
community and we are excited to now start on the next phase of
development."
The
first
public consultation session will be held on 18 July 2024 between 4
- 7pm.
This will be an in-person session close to the site at one of CLS'
recent developments in Vauxhall, The Coade, 97 Vauxhall Walk,
London, SE11 5EL.
In
collaboration with the London Borough of Lambeth, we are committed
to an inclusive public consultation process. Local residents,
businesses, and stakeholders will have the opportunity to provide
feedback on the proposed plans. Subject to the consultation with
the community and discussions with members and officers at Lambeth
Council, CLS hopes to submit a planning application for Citadel
Place early next year.
To
find out more about the proposals, or if you would like to provide
us with your feedback on the proposals, please email contact@citadelplace.co.uk
-ends-
For
further information, please contact:
Media
Contact:
Edelman
Smithfield (Financial PR)
Alex
Simmons
Hastings
Tarrant
cls@edelmansmithfield.com
+44
(0)20 3047 2546
CLS Holdings plc
(LEI:
213800A357TKB2TD9U78)
www.clsholdings.com
Fredrik
Widlund, Chief Executive Officer
Andrew
Kirkman, Chief Financial Officer
+44
(0)20 7582 7766
Liberum Capital
Jamie
Richards
+44
(0)20 3100 2128
Panmure Gordon
David
Watkins
+44
(0)20 7886 2720
Berenberg
Matthew
Armitt
Richard Bootle
+44 (0) 203 207 7800
Registered in England No. 2714781. Registered Office as
above.
