INDUSTRY NEWS

Land Securities submits Victoria office plans

A property giant has submitted a planning application for a 426,000 sq ft development in Victoria, London.

Land Securities aims to turn 1960s Selborne House into a new 11-storey office space complete with a retail section on the ground floor.

The building currently houses the Department of Constitutional Affairs.

The new development is located at the corner of Victoria Street and Buckingham Palace Gate.

However, the planning application was a trimmed-down version of Land Securities original plans.

The scheme does not now include a building by Wilkinson Eyre for the Portland House site and will not incorporate Transport for London’s adjoining land, according to Building Design.

Land Securities currently owns the 450,000 sq ft Cardinal Place and City Hall, home of Westminster City Council’s offices.

Land Securities is a FTSE 100 company which owns and manages approximately 7.6 million m2 of commercial property.

Its genesis was in 1944 when the firm’s founder and chairman Harold Samuel bought Land Securities Investment Trust Limited whose assets included some West London property.ADNFCR-1329-ID-18794619-ADNFCR

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