New
London offices are set to be built thanks to the West End receiving a £2 billion cash injection over the next three years.
The money will go towards a mix of
West End offices, road upgrades, new public transport connections like the Crossrail and additional retail space, director of communications at New West End Company Jace Tyrrell stated.
Working with Transport for London and Westminster City Council, the organisation is helping transform the West End of the capital.
He explained that better roads will result in new commercial developments, especially at Bond Street and Tottenham Court Road, where new stations are located. "What you'll have over the top of that is commercial over-site development, so new residential [developments] [and] new retail space".
Land Securities is currently working on the creation of new
London offices at Kingsgate House, SW1, plans for which were recently approved by Westminster City Council.
Around 203,000 sq ft of Grade A offices will be delivered upon completion.
Posted by John Evans
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