18th Sep 2014 09:51
LONDON (Alliance News) - CLS Holdings PLC Thursday said it has got planning permission for the redevelopment of Westminster Tower on the Albert Embankment in London.
The redevelopment includes a new Portland stone façade, the addition of three additional stories providing 23 privately-owned residential units and 11 shared ownership units, creating 1,441 square metres of office space and a residents' gym and amenity space.
"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," the company said in a statement.
The scheme has been given a resolution to grant planning consent, which is the formal resolution by a local planning authority to grant planning permission, usually conditional upon the completion of legal agreements.
CLS Holdings shares were up 1.6% at 1,341.00 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
CLS Holdings