Work started on 123 Victoria Street refurbishment
A renovation and refurbishment programme has commenced on a large, mixed-use building in the heart of London.
Property developers Land Securities have started work on their office and retail building at 123 Victoria Street, SW1. This quickly follows the granting of planning permission that was only awarded a week ago by Westminster City Council.
The office block was constructed in the 1970’s and offers total floor space of 227,000 sq ft. There is 177,520 sq ft of office space and 45,370 sq ft of retail space on the ground floor. The offices were previously occupied by the Government until its lease expired earlier this year. The building (pictured) was previously referred to as Ashdown House.
The schedule of works includes complete replacement of all the glazing, a new roof and roof terraces, full interior fit-out and improvements to the neighbouring public spaces. The refurbished offices will be Grade A rated and available floor plates across the 13 floors will range from approximately 5,000 sq ft up to 35,000 sq ft.
The redevelopment of 123 Victoria Street follows on from other projects that Land Securities have undertaken in Victoria. The developer completed the Cardinal House mixed-use scheme in 2005 and plans to complete the 275,000 sq ft 62 Buckingham Gate office building by 2013. Robert Noel, Managing Director of Land Securities’ London Portfolio, said: “This is the next step in our master plan to regenerate this important destination in the heart of the capital”.
The £150m refurbishment programme is expected to be completed in late 2012. Architects for the project are Aukett Fitzroy Robinson. Indicative rental prices are not yet available.
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