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Land Securities to start £655m West End development

In delivering these office, retail and residential spaces, Land Securities will take advantage of anticipated rising demand for West End offices, correctly configured space for retailers and meet a requirement for premium residential accommodation in the capital. The Victoria developments will further Land Securities’s ambitions for the SW1 area which began with the launch of Cardinal Place in 2006 and includes the future regeneration of the area surrounding Victoria station in a phased development programme.

Colette O’Shea, Director of Development for Land Securities’s London Portfolio, said: "To be the first major developer to state publicly that we are starting to deliver such a substantial development programme, demonstrates our financial strength and development capabilities as well as our confidence in the West End market. This significant investment will create new jobs and also deliver shareholder value.

"These three schemes, all designed by leading architects, will really make a difference to the West End and demonstrate our consistent commitment to the future of London through investment and thoughtful design."

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