Land Securities - London, West End, London

Date: 19 Jan 2010

Land Securities: commitment to deliver £655m West End development programme.

Land Securities has today announced the start of a £655m West End development programme with construction contracts agreed for three schemes, all due to complete by the Summer 2013.

Park House, the largest development on Oxford Street for 40 years, along with Wellington House and Selborne House, two schemes in Victoria, will start on site this year with completions scheduled for November 2012, July 2012 and 2013 respectively.

In delivering these office, retail and residential spaces, Land Securities will take advantage of anticipated rising demand for West End offices, correctly configured space for retailers and meet a requirement for premium residential accommodation in the capital.

The Victoria developments will further Land Securities ambitions for the SW1 area which began with the launch of Cardinal Place in 2006 and includes the future regeneration of the area surrounding Victoria station in a phased development programme.

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