A commercial property company has secured the redevelopment of 203,000 square feet of prime Victoria office space in Greater London.
Land Securities have secured planning permission to re-build on the site of Kingsgate House, Victoria, with Lynch architects designing the property.
The UK’s largest commercial property company Land Securities plans to develop 203,000 square feet of new Victoria office space, Greater London.
Westminster City Council granted planning consent to the firm which will allow them to redevelop the current site of Kingsgate House, located at 66-74 Victoria street.
The development, designed by Lynch Architects, will centre around two new buildings, which will replace the existing office block. The site will provide 203,000 square feet of Grade A prime Victoria office space as well as 102 residential apartments.
Colette O’Shea, Head of Development, London Portfolio, Land Securities, commented: “Victoria is changing. We began our transformation of the area with Cardinal Place and we are already on site at three other schemes. Kingsgate House is another key stage in our plans to create the new West End destination.”
Land Securities announced in January 2010 that it would begin work at Wellington House where 58 of the 59 apartments have now been pre-sold and at 62 Buckingham Gate where construction is well underway. These are due for completion by Summer 2012 and Spring 2013 respectively. An development for Victoria office space located at 123 Victoria Street which received planning approval in 2010, will be completed by Summer 2012.
Furthermore, last month Land Securities were granted planning consent for the development of a new commercial property development at 1 New Street Square, Midtown.
The scheme will deliver around 250,000 square feet of contemporary office and retail space. This will replace three existing buildings on the corner of Shoe Lance and Little New Street, Midtown.
The Kingsgate House development Is scheduled for completion by the summer of 2015.