Land Securities plans Victoria development

Property company, Land Securities, has submitted a planning application to redevelop Kingsgate House in Victoria, South London in a bid to bring more retailers into the area. Plans to add an extra 29,000 sq ft shops to the site were confirmed today,

with the company also planning to build 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 should provide an extra 341,000 sq ft space and comes on the back of multiple grand scale retail developments by the property company.

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.