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London Victoria redevelopment to add extra shops


Property company Land Securities has submitted a planning application to redevelop Kingsgate House in Victoria, London bringing more retailers into the area.

Plans to add an extra 29,000 sq ft of shops to the site were confirmed today, with the company also planning to build prime office and residential units as part of the construction.

Land Securities has already developed Cardinal Place nearby and in January announced further developments of Wellington House and 62 Buckingham Gate in the Victoria area which are now currently under way.

Colette O’Shea, Head of Development for Land Securities London Portfolio, said: “We’ve already kick-started our ambitious development programme that will see the area in and around Victoria Street transformed.

“Our plans for Kingsgate House will play a vital part in continuing to transform Victoria into a distinct and vibrant destination, responding to the modern requirements of those who live, work and visit the area.”

The scheme will provide 203,000 sq ft of office space and 102 residential apartments and total around 341,000 sq ft of space in total.

At a time when the retail development pipeline is pretty dry, Land Securities still been planning large constructions for retail tenants.

Trinity Leeds, currently being built and let out by the company, is the only major shopping centre scheduled to be completed in 2013, and in March it had a £70 million redevelopment of Glasgow city centre approved.

Published on Friday 06 May by Editorial Assistant

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