Release date: 18 September 2014
Embargoed until: 07:00
CLS Holdings plc
("CLS", the "Group", the "Company")
Resolution to grant planning permission for residential-led, mixed use redevelopment
of Westminster Tower, Albert Embankment, London SE1
CLS is pleased to announce that a resolution to grant planning permission has been secured for a residential-led, mixed use redevelopment of Westminster Tower, Albert Embankment, London SE1.
Highlights of the scheme include:
- Major refurbishment of the existing building, including a new Portland stone façade
- Three additional stories providing a total of 23 privately-owned residential units and 11 shared ownership units
- 1,441 sq m of office space
- Residents' gym and amenity space
- 66 cycle spaces
- 16 car parking spaces
As part of the Group's strategy to implement sustainable initiatives throughout its portfolio, the development will include an innovative ground source heat system which will provide all of its heating and cooling needs.
Westminster Tower has an unrivalled position on the Albert Embankment, with spectacular views west over the River Thames, north to the Palace of Westminster and Lambeth Palace, and south to Battersea Power Station.
CLS was advised by Boyer Planning, with architectural design by The Manser Practice.
Sten Mortstedt, Executive Chairman of CLS, commented:
"We are delighted to have secured this resolution, which will allow us to provide a sustainable, mixed-use development of offices, residential and affordable housing."
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For further information, please contact:
CLS Holdings plc +44 (0)20 7582 7766
www.clsholdings.com
Sten Mortstedt, Executive Chairman
Henry Klotz, Executive Vice Chairman and Acting CEO
John Whiteley, Chief Financial Officer
Liberum Capital Limited +44 (0)20 3100 2222
Tom Fyson
Charles Stanley Securities +44 (0)20 7149 6000
Mark Taylor
Kinmont Limited +44 (0)20 7087 9100
Jonathan Gray
Smithfield Consultants (Financial PR) +44 (0)20 7903 0669
Alex Simmons
