The 730,000 first phase comprises mostly offices and 170 luxury modern apartments within three striking buildings on a 5.5 acre site directly opposite Victoria station.
When complete, Victoria Circle will crown the recent re-invention of the area around Victoria Station.
Mace’s contract for the three-year build is worth £380m. Demolition started on the Victoria Circle site in October last year.
Land Securities chief executive Robert Noel said: “Land Securities was the first to start large-scale development after the downturn, a strategy which is generating higher returns at this point in the cycle.
“Today’s announcement is an extension of this strategy and a clear commitment to our on-going transformation of Victoria.”
The complete scheme will provide 910,000 sq ft mix of retail, residential, office and public amenity space across six buildings, one 19 storeys high.
Victoria Circle details
Main new buildings
- 13-storey building containing 170 private residential units with retail at ground and first floor, fronting Buckingham Palace Road (Building 5)
- 19-storey office building with retail at ground and first floor levels fronting Victoria Street (Building 7a)
- 14-storey office building with retail at ground and first floor levels fronting Bressenden Place (Building 6b)
- Modification will be carried out to three other buildings on the site.
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