Landsec grows London pipeline of work to £2bn

Grant Prior 5 years ago
Share

Developer Land Securities has boosted its pipeline of office-led work in London to 2m sq ft.

McAlpine is main contractor at 21 Moorfields where piling work is now complete
McAlpine is main contractor at 21 Moorfields where piling work is now complete

The schemes are either on site, in design, or in feasibility and represent a total development cost of around £2bn.

Chief executive Robert Noel said: “21 Moorfields, EC2 is on schedule to complete in 2021 when it will be handed over to Deutsche Bank for their new UK headquarters.

“We’re working on revised plans for the development of Nova East, SW1 and are in pre-planning for the redevelopment of Portland House, SW1 underlining our strong belief in Victoria.

“And we are assessing new sites for the next generation of London developments.

“In addition, we are working up plans for significant mixed use developments, including more than 4,000 homes on our suburban London retail sites.

“At two of these, Finchley Road, NW3 and Shepherd’s Bush, W12, we intend to submit planning applications in the first half of 2019 with a total development cost of around £1bn.

“We also see excellent potential for a new town centre at Lewisham, with our ownership of Lewisham Shopping Centre, SE13 forming the core of a potential 8.3 acre mixed use destination.

“In addition to this, we are exploring the potential at other locations in London.”

The firm added: “We remain confident in our view that London is a global city with strong long-term prospects.

“Occupational demand and pre-letting activity have remained steady, and we expect a continued flight to quality.

“This trend may put pressure on second hand space and we will continue to monitor the market for opportunities to deploy capital.

“We have added to our development opportunities and are deploying innovative ways of building more quickly and cost effectively.

“The location and the nature of the product in our pipeline means it is likely we will develop speculatively, although timing will depend on market conditions.”

Latest news

Plan lodged for tallest skyscraper outside London

Developer Salboy submits plan for 76-storey Manchester resi tower
15 hours ago

Curo starts £170m race for new homes framework

Bath housing association plans to build up to 300 homes a year
15 hours ago

Gove approves major Cambridge North mixed-use scheme

Government backs controversial scheme of 424 flats and 600,000 sq ft of tech and lab space
15 hours ago

Pontins holiday park to house Sizewell C builders

Suffolk holiday park to house 500 nuclear construction workers
15 hours ago

Adrian Bloor targets 1,000 homes-a-year

Expansion plans after major investment into challenger house building business HarperCrewe
15 hours ago

Housing firm fined £528,000 after cable strike

Maintenance workers given no information on underground services
16 hours ago

Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers
2 days ago

Pagabo reveals 56 winners of latest £1.6bn retrofit deal

Decarbonisation Solutions Framework launched: Full list of winners
2 days ago

Go-ahead for £100m Liverpool Love Lane flats

500-flat scheme will be built across four blocks in Vauxhall area of city
2 days ago

Unions win HS2 site access battle at Old Oak Common job

Skanska, Costain, Strabag JV now the last denying unions access to HS2 sites
2 days ago

Contractors jack 1,100t viaduct into place in 13-hour operation

158m-long composite deck structure jacked into place 10-hours ahead of schedule
2 days ago

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
2 days ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
2 days ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
3 days ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
3 days ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
3 days ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
3 days ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
3 days ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
3 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
4 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
4 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
4 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
4 days ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
4 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
7 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
7 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
7 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
7 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
7 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
7 days ago

Contractor services