Posts tagged Chief Executive of Land Securities
The announcement comes after the Prime Minister, David Cameron, visited the site and showed his support for the project in an attempt to prevent planning levy for local infrastructure being double-charged and cut red tape.
David Cameron said: “Already the changes we are making to the planning system are having an impact, with Land Securities giving the go-ahead to a major multi-million pound investment, supporting thousands of jobs in our construction industry.”
The scheme is designed by Lynch Architects and it comprises of two new buildings: The Zig Zag Building, a 190,000 sq ft office building over 14 floors with a staggered façade; and Kings Gate, a 12 storey residential building comprising 100 apartments.
Both buildings will provide a new and enhanced retail space with 45,000 sq ft of space, together with considerable improvements to the public realm benefitting the wider Victoria area. The buildings are planned to complete in summer 2015.
Robert Noel, Chief Executive of Land Securities said: “It is heartening to know that the Government has listened to the industry and acted to remove some of the uncertainty in the planning process.
“It enables us to progress with developing the former Kingsgate House site and continue to transform Victoria into a distinct and vibrant West End hub where people choose to live, work and visit.
“Our experience with our current developments demonstrates that Victoria is proving attractive to potential occupiers. This project will further add to its appeal.”
The scheme will also provide an affordable housing contribution of £11.6 million which will be directed towards the provision of affordable development in the Westminster area.