Lend Lease lined up to build scheme in London鈥檚 Victoria
Land Securities has given the go-ahead to the 拢350m Kingsgate House scheme in London鈥檚 Victoria, with construction set to begin next month.
contractor Lend Lease has been lined up to build the Lynch Architects-designed scheme at 66-74 Victoria Street, which is part of Land Securities鈥� 2 million ft square redevelopment of the area.
The scheme involves the demolition of the existing office block and its replacement with two buildings - one commercial and the other residential.
Land Securities said it had given the go-ahead to the development after changes to the Community Infrastructure Levy (CIL) regulations made the scheme more viable.
Lend Lease has been selected as a preferred bidder for the job after beating off competition from Mace and Sir Robert McAlpine.
The Kingsgate House project received planning permission from Westminster council in November 2011. It will provide 203,000ft2 of Grade A office space and 102 residential apartments as well as public space bordered by shops and restaurants.
Demolition of the existing building began earlier this year, but Land Securities had yet to set a date to begin construction, only committing to complete the substructure - including a large