Bmor and Cedarstone Capital Partners’ plans for a £2bn Vauxhall Square scheme have moved onto the next stage. It comes as Pilbrow & Partners’ designs for the 70-storey residential scheme on one of central London’s largest vacant developmental sites have been unveiled.
The Vauxhall Square scheme will include over 3,000 homes across four blocks, including one of the tallest residential buildings in the UK. The new proposals would consist of four buildings of 16, 19, 41 and 70 storeys surrounding a 4,200 sqm landscape park which is being billed as the ‘heart of a new centre for Vauxhall’.
Set to be submitted for planning to Lambeth council this summer, the scheme would include 600 purpose-built student accommodation (PBSA) bedrooms, 1,200 apartments, 1,250 co-living homes, a 260-room hotel, 2,700 sqm of office space and 5,000 sqm of retail space.
The scheme is expected to have a gross development value of £2bn and a construction value of around £880m, according to the scheme’s project manager Trigon. Other firms working on the project include planning consultant DP9 and transport consultant Velocity. Exterior Architecture has also been announced as landscape architect.
Allies & Morrison’s original plans for the site, designed for property developer CLS Holdings, would have featured nine residential buildings including two 50-storey towers. A portion of this site was later sold to PBSA developer Urbanest, who appointed Howells in 2014 to design a 32-storey tower containing 454 student beds – which was completed in 2018.
The site was later bought by Chinese developer R&F, who sold it to Far East Consotrium for £95.7m in 2022. Cedarstone Capital Partners and Bmor purchased the site with financing from Cheyne Capital for an undisclosed sum last year.
