Last Updated: February 16, 2012 ET

JV Partnership to Develop Victoria Circle in London

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LONDON-Canada Pension Plan Investment Board and Land Securities Group PLC have formed a joint venture partnership, the Victoria Circle Limited Partnership, to develop Victoria Circle in London. The proposed GBP 1.56-billion mixed-use development will include five new buildings.

The first phase as well as the final two phases will be delivered in 2016 and 2018, respectively. The project will provide 910,000 square feet of offices, retail, residential and public amenities. The Partnership has bought the property for GBP 163 million from Land Securities. For the full story, go to Europe Real Estate .

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