London office transformation announced
Land Securities has announced plans for the transformation of a former office tower in London's Victoria district into new residential accommodation.
Designed by architect Sir David Chipperfield, the 101m-tall Portland House building is to witness considerable renovation efforts in order to provide 206 new luxury apartments above a ground floor shopping precinct.
A complete remodelling is to take place that will see the property reinvigorated and redesigned to meet the needs of the local community.
Colette O'Shea, head of development for the London Portfolio, said: "The planning application we are bringing forward is an exciting opportunity to bring new life to a landmark building in the heart of Victoria, in tandem with the rest of our planned regeneration in the area."
It coincides with Land Securities' other responsibilities in the area, including the provision of 63 new affordable homes at nearby Castle Lane, as well as plans for the renovation of a 1960s Oxford Steet property into 89 new apartments.
Meanwhile, international developer Willmott Dixon recently announced it has secured a lucrative £250 million contract for a regeneration project in Tower hamlets, central London.
Ms Shea noted that this latest scheme is the largest and most ambitious to be undertaken by the company in the capital to date and once completed, the new building will have a "hugely beneficial" impact on the local community in Victoria and the surrounding areas.
The scheme is set to deliver 105 new private sale homes - the first of ambitious plans for the delivery of more than 1,000 properties over the next 12 years.
Brian Brady, managing director of Willmott Dixon's residential development business, commented: "After a lot of work in the planning stage, we can now start on site and help turn what is an exciting vision into reality."
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