Land Securities plans new Victoria offices
Commercial property developers Land Securities have announced plans for a mixed-use redevelopment in Westminster, London.
Land Securities is seeking planning consent for the redevelopment of their Kingsgate House office block at 66 to 74 Victoria Street. The company plans to replace the existing building with two new buildings offering commercial and residential accommodation.
Kingsgate House is a 1960’s office block containing 155,500 sq ft of office space along with approximately 31,000 sq ft of retail space. The offices are predominately occupied by a range of Government departments. The existing building is expected to be vacant by March 2012.
Subject to planning consent, two new buildings (pictured) are to be constructed on the site. Total Grade A office floor space will amount to 203,000 sq ft.
The West Building will provide the office accommodation and the East Building provides the residential accommodation. Both buildings will offer ground-floor retail units. The office block steps up in height from 8 storeys up to 13 storeys and will be slightly taller than Kingsgate House.
Land Securities owns several buildings in Victoria Street and other current projects include the £150m refurbishment of 123 Victoria Street and the speculative 253,000 sq ft office development at 62 Buckingham Gate.
Colette O’Shea, Head of Development, London Portfolio, Land Securities, commented: “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.”
Architects for the scheme are Lynch Architects. Market reports suggest the proposals have a development cost in the region of £150m.
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