The proposed Victoria Circle 910,000 sq ft mixed development will see five new buildings on the island site opposite Victoria Station.

Existing building are let until September when it is hoped demolition can take place. The earliest the first phase and the final two phases will be delivered are 2016 and 2018 respectively.

Robert Noel, Managing Director of Land Securities’ London Portfolio, said: “Having signalled our intention to seek a partner on this project, we’re delighted to have teamed up with CPPIB. Victoria is changing, and the transaction is a great vote of confidence in our plans for this part of the West End.”

Land Securities will take the role as development manager by the Partnership and as part of this role, will be responsible for leasing all the retail and office space as well as selling the private apartments