Major redevelopment plan for Vauxhall Cross submitted

VCI Property Holdings, an investment group backed by one of Saudia Arabia’s wealthiest families, has submitted an EIA application to Lambeth Council for the major redevelopment of the Vauxhall Cross island site, SW8.

The scheme proposes the construction of a mixed-use development comprising two towers of 53 and 42 storeys (151m), to provide 1.2 million sq ft in total. Around 270 homes, a 420 bed hotel, 230,000 sq ft of offices, as well as retail space, is planned.

Dubai-registered Rassmal Investments, which is backed by the Al Shawaf family, exchanged contracts to buy the site in February