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REG - CLS Holdings PLC - CLS development plans for Citadel Place, Vauxhall

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RNS Number : 4382T  CLS Holdings PLC  24 June 2024

 

 

 

 

 

 

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
(mailto:contact@citadelplace.co.uk)

 

-ends-

 

For further information, please contact:

Media Contact:

Edelman Smithfield (Financial PR)

Alex Simmons

Hastings Tarrant

cls@edelmansmithfield.com (mailto:cls@edelmansmithfield.com)

+44 (0)20 3047 2546

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com (http://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.

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