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Office space project planned for West End

Office space project planned for West End
Date: 1/21/2010

Commercial mortgage customers may be interested in plans to provide more than 500,000 square feet of office and retail space in London.

Land Securities will begin a development programme in the West End worth £655 million, which will see three schemes completed in 2013.

A rising demand for office space in the West End will be made use of in these plans.

"To be the first major developer to state publicly that we are starting to deliver such a substantial development programme, demonstrates our financial strength and development capabilities as well as our confidence in the West End market," said director of development for the firm's London portfolio Colette O'Shea.

Park House, Wellington House and Selborne House will be developed by the company, creating office, retail and residential space.

Leading architects are designing the schemes and it is hoped that the end products will make a difference to the West End, Ms O'Shea explained.

According to Land Securities, it has 9.7 million square feet of office and retail space in the capital.

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