CLS Holdings has sold its Vauxhall Square scheme to a Chinese developer for £157.77 million.
CLS have confirmed that the sale of the proposed mixed-use scheme to R&F Properties has completed. R&F Propertiesare listed on the Hong Kong Stock Exchange.
R&F Properties will assume CLS’s obligations for the relocation of the hostel at 62 Bondway. CLS will retain the freehold interest in the Miles Street student accommodation block and residential houses in Wandsworth Road.