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VCLP – Nova Mixed-Use Development – UK - Project Profile

VCLP – Nova Mixed-Use Development – UK - Project Profile

Synopsis

"VCLP – Nova Mixed-Use Development – UK - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "VCLP – Nova Mixed-Use Development – UK - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Victoria Circle Limited Partnership (VCLP), a 50-50 joint venture between Land Securities and the Canada Pension Plan Investment Board (CPPIB), is undertaking the Nova Mixed-Use project in the UK.

The project involves the construction of a mixed-use complex on a 22,257m2 area comprising 56,146m2 of office space, 7,868m2 of the retail facility, 15,400m2 of a residential facility, and car park on a 4,233m2 area.

The project is planned to be implemented in three phases. The first phase includes the construction of three buildings with a combination of residential, office and retail facilities at 77 Buckingham Palace Road, 11 Bressenden Place and 130 Victoria Street.

The second phase includes the construction of office and retail building at 1 Bressenden Place and the third phase includes the construction of a building comprising office, a library, affordable housing and retail space at 122 Victoria Street.

Gerald Eve has been appointed as planning consultant; PLP Architecture, Benson & Forsyth, BFLS, and Lynch Architects master planners and design architects; Robert Bird Group as a civil engineer; and Savills and Knight Frank as marketing consultants.

Severfield has been appointed as design, fabrication, and concrete structure contractor for the first phase.

On October 9, 2009, VCLP obtained planning consent. However, a series of small amendments to the existing planning permission were lodged in 2012.

The project was earlier referred to as Victoria Transport Interchange Two (VTI2). However, the proposal was later amended to Victoria Circle.

The amendments were made to the proposal due to the constraints imposed by works associated with the Victoria Station upgrade, the proposals for the Victoria Circle site were split into three separate planning applications and the current amendments relate to Permission one.

The amendments include alterations to the facades and shopfronts of the two commercial buildings, alterations to the internal layout and facades of the residential building, an increase in the number of car parking spaces and changes to the canopy over the pedestrian route.

In February 2012, Land Securities Group PLC and CPPIB announced the formation of a joint venture company namely Victoria Circle Limited Partnership to undertake the development activities.

In October 2012, the project secured final approvals. Immediately, demolition work on the first phase was commenced by Keltbray Group.

In March 2013, Mace Group was appointed as the main contractor for the first phase.

In June 2013, construction work commenced for the first phase.

PC Harrington Contractors has been appointed by Mace Group as concrete supply contractor.

On January 16, 2014, Kone was awarded a contract to install 45 elevators under the first phase.

In May 2015, Mace Group replaced PC Harrington Contractors for incomplete work with J Coffey Construction and Kilnbridge to supply concrete.

In March 2017, construction completed for the first phase.

VCLP is in the process of seeking final statutory approvals for the second phase and construction will commence based on favorable market conditions.

Scope

The project involves the construction of a mixed-use complex on a 22,257m2 area opposite to Victoria Station, London, the UK.

The US$1,519 million project includes the following:

1. Construction of 170 private and 35 affordable apartments

2. Construction of 56,146m2 of office space

3. Construction of cafe and restaurants

4. Construction of 7,868m2 of retail facility

5. Construction of 15,400m2 of residential facility

6. Construction of car park on a 4,233m2 area

7. Construction of a spa and a gym

8. Construction of a swimming pool

9. Installation of elevators

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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