CLS Holdings plc: Planning consent granted for new London Bridge House redevelopment (UK)

CLS Holdings plc is pleased to announce that plans to redevelop a strategic site in front of London Bridge station were, last night, granted planning consent by the London Borough of Southwark Planning Committee. The scheme is designed by the architect, Renzo Piano. Known as New London Bridge House, the scheme represents the latest phase in the redevelopment of the London Bridge Quarter. It will involve the demolition of an existing 1960s office tower and replacing it with a spectacular 55,800 m² (600,000 sq.ft) office and retail building.

New London Bridge House.

New London Bridge House is owned by the same consortium as The Shard at London Bridge and comprises Sellar Property Group, CLS Holdings plc and the Halabi Family Trust, represented by Buckingham Securities. In addition to the 5,000 jobs the development can accommodate, New London Bridge House is an integral part of the planned London Bridge Station regeneration project that includes The Shard, an extensive public piazza and fully integrated public transport links. New London Bridge House will provide high quality office space, with typical floors of over 2,800 m² (30,000 sq.ft) each, capable of serving a single tenant or being subdivided for multiple occupancy. It is also proposed to create a new entrance to the underground with an escalator link between street and concourse levels, together with 1,900 m² (20,000 sq.ft) of new retail space. Sten Mortstedt, Executive Chairman of CLS, which will lead the development now

that planning has been granted, said: We are delighted to be able to continue the regeneration of this major transport hub with these exciting designs. This part of London offers huge potential and Renzos visions and designs will finally turn the area into one of the capitals key office locations.

Source: CLS Holdings plc

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