Wellington House, SW1

We consider it part of our commitment to London to take the lead in challenging times. With work beginning in 2010, Wellington House represents one of London's first developments out of the ground since the beginning of the downturn.

It also represents a breakthrough for Land Securities. With our reputation for excellence and attention to detail in commercial and retail developments, we are now looking to bring the same qualities to bear in the residential market. Wellington House is one of the first major examples. Created by John McAslan and Partners, it will contain 59 new homes, ranging from small studios to four-bed apartments. All this will make a significant contribution to London's increasingly urgent housing need.

The development sets the tone for a decade in which Victoria will be completely transformed, thanks to our work on nearby VTI2|. The aim is to release the area's potential as a retail, residential and commercial destination in its own right, as well as one of London's key transport hubs. Our success at Wilton Plaza| and The View in Cardinal Place| has shown how much is possible.