News DEVELOPMENT autumn 2011 spring 2012 Tomorrow’s world Rich Harvest H
Super stores How the internet is
changing physical retail
Everyman Andrew Myers on
the cinema’s fi rst foray outside London
Leeds generation The city prepares for
a transformed retail proposition
Well Writers
Sarah Butler, Mark Faithfull, George MacDonald, John Ryan, Rebecca Thomson
Supplements Production Editor Tracey Gardner
Design forty6 design Ltd
www.forty6design.com
Publisher Tracey Davies
For Land Securities
Catherine Thomas
catherine.thomas@
landsecurities.com T +44 (0)20 7024 5089
Claire Reynolds
claire.reynolds@
landsecurities.com T +44 (0)20 7747 2390
Victoria Terry
victoria.terry@landsecurities.com T +44 (0)20 7024 5046
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RETAIL Produced by Bon Accord and St Nicholas finish refurbishment
The £8m refurbishment of Aberdeen’s Bon Accord and St Nicholas shopping centres have now been completed. The already strong retail mix has been complemented with a 20,000 sq ft H&M store, and a new food terrace features Café Rouge, Pret A Manger and DiMaggio’s.
4 spring 2012 connected
Special Projects Editor Joanna Perry
Multichannel man Andy Street of John Lewis on the evolution of the high street
Land Securities has entered into a joint venture with Canada Pension Plan Investment Board (CPPIB) to develop Victoria Circle in London. Five new buildings are included in the proposed development by the Victoria Circle Limited Partnership, which will replace the existing buildings on the 5.5 acre site. Delivered in three phases, the development will eventually comprise 910,000 sq ft of residential space, offices, retail and public amenities opposite Victoria station and bounded by Bressenden Place, Victoria Street and Buckingham Palace Road. September 2012 is the earliest that demolition work can commence, with a timeline of 2016 for the first phase of redevelopment to be finished, and 2018 for the second two phases.
Land Securities managing director of London portfolio, and soon to be chief executive of Land Securities, Robert Noel said: “Victoria is changing, and the transaction is a great vote of confidence in our plans for this part of the West End. We’re delighted to have teamed up with CPPIB.”
Expanding Oxford Partnership formed for Victoria Circle
Five new buildings are planned for the development
Land Securities has been appointed as the development manager by the Partnership, and will be responsible for leasing all the retail and office space, as well as selling the private apartments. For more on the Victoria plans see p30.
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