Land Securities has agreed to make land temporarily available on its proposed Victoria Transport Interchange scheme on London’s West End so Victoria underground station can be improved.
The UK’s largest property company has sold mainly underground rights to the 6.2 acre site next to Victoria train station to London Underground so can upgrade the station.
The upgrade works are currently subject to a public enquiry, at which Land Securities had formally objected to London Underground’s plans.
Land Securities said it will phase potential building work on its 1.5m sq ft mixed use scheme to accommodate the upgrade work.
Subject to planning consent the work is estimated to start on the interchange scheme in the third quarter of 2010.