Twin tower worth £400 million to be built in London
New development worth £400 million will be build close to Vauxhall Square, South West London. The scheme will include two 50-storey residential towers with 513 flats, shopping center, cinema and cafes.
The huge Vauxhall Square redevelopment on the 3-acre site in the Nine Elms area of London will also include 416 student rooms and a large hotel. The new development will create hundreds of jobs in the building industry and benefit the construction sector.
Key developer in the project, CLS, has already submitted plans for the scheme which aim is to start building work in 2014, with phases being completed from 2017 onwards.
Richard Tice, chief executive Officer of CLS Holdings plc, said: “This substantial mixed-use scheme is a key element to the Vauxhall Nine Elms regeneration plans.
“It will create a new vibrant heart for Vauxhall and over 1,000 additional full-time jobs across a broad range of skills, both during and after construction.
“The investment of over £400m will bring substantial benefits to a wide range of stakeholders and is not dependent on the Northern Line extension.”
A survey revealed today by the CBI showed that the outlook for the building, engendering and the construction sector is more positive following the Chancellor’s Autumn Statement which gave priority to economic recovery and financial boost for building sector.
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Posted on December 14, 2011, in construction jobs, construction news, electrician jobs, Osborne, plumbing jobs, t4ts, train4tradeskills and tagged Autumn Statement, Building industry, CLS Holdings, economic boost, growth, jobs, London, Northern Line, South West, t4ts, train 4 trade skills, train4tradeskills, Vauxhall. Bookmark the permalink. Leave a comment.