AXA Real Estate has received planning consent from Westminster City Council for a major office-led mixed use redevelopment on Wilton Road, which will create 150,000 sq ft (13,935 m2) of office, residential and retail space, opposite Victoria station in London.
AXA Real Estate has received planning consent from Westminster City Council for a major office-led mixed use redevelopment on Wilton Road, which will create 150,000 sq ft (13,935 m2) of office, residential and retail space, opposite Victoria station in London.
The building, which was occupied until November 2013, is managed by AXA Real Estate, on behalf of one of its clients.
The scheme, branded ‘The Department’, marks AXA Real Estate’s fifth major London development in the last three years and will add to the on-going transformation of Victoria as one of London’s prime commercial and mixed use districts.
AXA Real Estate has already started the strip out and construction works, with completion due late in 2015.
The Department will comprise 100,000 sq ft of office space while the top three floors of the building will comprise 14 apartments. These will be held and rented out as part of AXA Real Estate’s increasing move towards creating a development track record in the private residential sector.
Including this development AXA Real Estate will have undertaken five major office developments in London comprising over 1 million sq ft in the past three years. These have included: One St Paul’s in the City of London; Sixty London, a 215,000 sq ft prime City of London Grade A office scheme which has been fully let; Six Bevis Marks, a 200,000 sq ft 16-storeys project in the City of London’s insurance district which completes in the summer; and 6 Pancras Square, a 500,000 sq ft office forward-funded development in Kings Cross, recently pre-let to Google.
