Oil and gas firm moves in as regeneration of London’s Victoria area continues

The regeneration of London’s Victoria area continues with the news that Land Securities has let a further 18,000 sq ft at its 123 Victoria Street SW1 development. Oil and gas exploration company Ophir Energy PLC is relocating from its Mayfair headquarters to join existing tenants such as US software company Intuit, CDC Group, CPA Global and Jimmy Choo. This latest letting means 123 Victoria Street is now 93 per cent let with just 17,000 sq ft still available. Kaela Fenn-Smith, Head of Leasing at Land Securities, said: “We are delighted to welcome Ophir Energy to 123 Victoria Street. Their decision to move from Mayfair and choose Victoria as their new home reflects the area’s ever-increasing reputation as a vibrant destination for forward-thinking companies.”

123 Victoria Street, which was completed in August 2012, forms part of the wider planned regeneration of Victoria, including other nearby properties Cardinal Place, Kings Gate (residential), The Zig Zag Building (offices), 62 Buckingham Gate, Wellington House and Victoria Circle. Land Securities currently has a 2.2 million sq ft development pipeline for Victoria and plans to invest £2 billion over the next decade.