REAL ESTATE: LAND SECURITIES
of 727,000 sq ft, Nova will deliver 603,000 sq ft of offices,
193,000 sq ft of apartments, 85,000 sq ft of retail and
16,000 sq ft of community space.
Construction of Nova began in June 2013 and Phase
1 (480, 000 sq ft of offices, 79,900 sq ft of retail and
170 luxury modern apartments within three landmark
buildings) is scheduled for completion in July 2016.
Westgate Oxford
A major redevelopment of the existing Westgate
Shopping Centre, Oxford is currently underway, led
(since February 2015) by the Westgate Oxford Alliance - a
partnership formed by Land Securities and The Crown
Estate.
Covering a total area of 317,000 sq ft, the upgraded
Westgate will house over 100 new retailers, 25 restaurants
and cafes, a boutique cinema, roof top terrace dining and a
wealth of new public spaces. The projected completion date
of this stunning new retail destination is 2018.
Johnson continued:
“I think the future of construction industry is very rosy
in terms of development, looking both in and outside of
London. There are also a lot of clients coming from abroad
and investing in these developments as well, such as
emirate Qataris investment in the development of Chelsea
Barracks for example.
“In terms of construction at Land Securities, we have
a busy pipeline throughout 2016 going into 17, but who
knows what’s around the corner. We have to be prepared
for any changes in the industry, a recession for example.
We have to anticipate the future in the sector and not
utilise our resources singularly; we mustn’t put all our
eggs into one basket. For me, doing this is about acting
responsibly and being risk aware rather than risk averse.
“When considering the complexities associated with
public development projects such as 20 Fenchurch Street,
we are dealing with very small project footprints. Several
measures must be put in place so we can ensure members
of the public aren’t affected by our operations. We have
to comply with the London Borough and Westminster
City Council’s local policies such as noise restrictions, and
maintaining good relationships with these stakeholders is
key to a project’s success.
“We are an informed and intelligent client and much
of my work is about having the latitude to appoint the
appropriate competencies to ensure contractors carry out
the work correctly on our behalf.
HEALTH AND SAFETY
“On all of our Development Projects we carry out Health
and Safety Audits around the Land Securities ‘One Best
Way’ to ensure contractors deliver to our expectation. It is
all about continually raising the bar and setting the tone
as a client, right across our industry sector. We score every
audit and the pass mark is 85% and because we maintain
excellent relationships with our contractors and they know
our expectations, failures are rare. Our contractors realise
that working for Land Securities not only raises their health
and safety performance as we ensure that sites are safer
“Best Practice retailing
relies on the public
having a safe and healthy
experience whilst
shopping and relaxing, so
much so that they visit
us again. Best Practice
developments means
the public are not at risk
from our activities.”
ACADEMY
1994 to 2016, celebrating 22 years of excellence
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