CLS Holdings plc, a pan-European property company headquartered in Vauxhall, London, announces that on December 16, 2011, it submitted a detailed planning application for a 20,801-m² student accommodation and hotel-led development scheme in Vauxhall.
Spring Mews represents the second mixed-use development scheme CLS submitted for planning last week.
The proposed Spring Mews development, located close to the Albert Embankment, and the Vauxhall transport interchange, comprises: 402 student rooms and amenity space; a 120-bed mid-market hotel; a new 561-m² community center and café; 469 m² of office space; a 245-m² convenience retail unit; and the creation of a new pedestrian mews linking the development to Spring Gardens.
Subject to receiving planning consent, CLS would aim to start on site in 2012, with completion in 2014. The total development cost of the proposed scheme is in excess of £50 million.
Richard Tice, Chief Executive Officer of CLS Holdings plc, commented: "Spring Mews is a vibrant, mixed-use scheme which will enhance the Spring Gardens area in Vauxhall. It will create over 100 new jobs and include a new community hub, and will satisfy the increasing demand for managed student living and affordable hotel rooms in a safe and attractive environment."
Source: CLS Holdings