Land Securities' plans include the development of 500,000 sf of new office space in two landmark buildings. In addition, Stag Place will provide 80,000 sf of shops, restaurants, cafés and bars. In the heart of the scheme will be a new public space, with a glass canopy replacing the existing windswept square.
Mike Griffiths, Chief Executive of Land Securities Development, said: 'Land Securities' plans represent a real opportunity to provide high quality facilities to all those who regularly use or pass through this dynamic part of London, securing its position as one of the city's prime locations.'
The Victoria area is popular with government occupiers, due to its proximity to Westminster. In the 1990s Land Securities redeveloped Eland House on the corner of Stag place as the new headquarters of the Department of Transport, Local Government and the Regions.
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