Canadians join LandSec in Victoria
News
by
Bridget O’Connell
Land Securities has confirmed that it has teamed up with Canada Pension Plan Investment Board to bring forward its £1bn Victoria Circle scheme. The 50:50 joint venture, Victoria Circle Limited Partnership, will own and develop five new buildings on the island site bounded by Bressenden Place, Victoria Street and Buckingham Palace Road, SW1. The REIT sold the existing properties on the 5.5-acre site to the partnership for £163m. The first phase and the final two phases will be delivered in 2016 and 2018 respectively.
bridget.oconnell@estatesgazette.com
Land Securities has confirmed that it has teamed up with Canada Pension Plan Investment Board to bring forward its £1bn Victoria Circle scheme. The 50:50 joint venture, Victoria Circle Limited Partnership, will own and develop five new buildings on the island site bounded by Bressenden Place, Victoria Street and Buckingham Palace Road, SW1. The REIT sold the existing properties on the 5.5-acre site to the partnership for £163m. The first phase and the final two phases will be delivered in 2016 and 2018 respectively. bridget.oconnell@estatesgazette.com
