LAND SEC AND CANADA TO REVAMP VICTORIA
Land Securities is going ahead with a £1bn redevelopment near Victoria station after signing a partnership deal with the Canada Pension Plan Investment Board. Land Sec said it will sell the Victoria Circle site to a new joint venture with CPPIB for £163m, and will start demolishing the existing buildings as soon as September. The new development will comprise of five new mixed-use buildings, due between 2016 and 2018.