Two new buildings will replace an existing office block to provide 203,000 sq ft  offices and 100 luxury apartments.

The public realm will be considerably extended, and include an attractive courtyard bordered by new shops and restaurants.

Colette O’Shea, Head of Development, London Portfolio, Land Securities, said: “Victoria is changing. We began our transformation of the area with Cardinal Place and we are already on site at three other schemes.

“Kingsgate House is another key stage in our plans to create the new West End destination.”

Land Securities announced in January 2010 that it would start work at Wellington House where 58 of the 59 apartments have now been presold, and 62 Buckingham Gate where construction is well underway.

These are due to complete in summer 2012 and spring 2013 respectively. 123 Victoria Street, an office development which received planning approval in 2010, will complete in summer 2012.

The earliest that work could start at Kingsgate House would be next Spring with completion scheduled for 2015.