£50 Million Construction Project to Boost the Building Sector
A new £50 million building scheme, close to already proposed Vauxhall Square Development worth £400 million in South West London, has attracted bids from major building contractors including Sir Robert McAlpine, Shepherd, Vinci and Watkins Jones, Construction Enquirer reported today.
Developer of the project, CLS Holdings, will build a new hotel and flats which will include 408-bed student accommodation, shopping units and a community centre.
Building construction work on the project is expected to begin this summer. The 180,000 sq. ft. mixed-use development scheme will encourage business investment in the area and boost the local economy, creating new jobs in the building construction industry.
Executive Chairman of CLS Holdings, Sten Mortstedt, said that the £50 million investment will offer great opportunities to meet the existing demand for student and hotel accommodation as well as improve the current infrastructure of the Vauxhall area.
Mr Mortstedt told Construction Enquirer: “These mixed-use proposals can provide substantial investment and regeneration into the Vauxhall area whilst meeting the significant demand for student accommodation and hotel rooms in central London.
“As a long-standing local Vauxhall based company, we are pleased to be able to work together with the Vauxhall Garden Community Centre to provide a brand new community centre facility within these plans.”
What is your reaction to the £50 million development programme in Vauxhall London? If you live locally, how could this investment help you/your business? Share your thoughts by leaving a comment below:
Posted on April 16, 2012, in construction jobs, construction news, Government, Housing Scheme, Infrastructure, Politics, t4ts, train4tradeskills, Train4TradeSkills News and tagged building contractors, building sector, business investment, CLS Holdings, construction, Construction Enquirer, Construction project, creating new jobs, Developer, economic boost, England, infrastructure improvements, London, Robert McAlpine, Shepherd, Sir Robert McAlpine, South West London, t4ts, train 4 trade skills news, Vauxhall, Vauxhall Community Garden centre, Vauxhall Square Redevelopment, Vinci, Watkins Jones. Bookmark the permalink. Leave a comment.