The Citadel Place scheme will replace existing low-rise office buildings built in the 1990s that are due to be vacated in 2026. A major part of the site is presently home to the National Crime Agency.

CLS has partnered with architectural firm Allies and Morrison to design Citadel Place.

The plans include building 180-200 new homes and a purpose-built student accommodation block for around 450 bedrooms.

Fredrik Widlund, CEO of CLS Holdings, said: “Citadel Place represents our commitment to sustainable urban development.

“CLS has operated and invested in the Vauxhall area for over 35 years and continues to work closely with the London Borough of Lambeth, residents and the local business community and we are excited to now start on the next phase of development.”

First public consultation sessions will be held on 18 July ahead of submitting a planning application for Citadel Place early next year.