LandSec Is Selling £250 Million London Office in Disposal Push

Land Securities Group Plc has appointed agents to sell a prime office in London’s Victoria as part of its plan to dispose of £2 billion ($2.7 billion) worth of office assets and redeploy those funds into retail and housing instead.

Colliers International Group Inc. has been appointed to sell 123 Victoria Street for roughly £250 million, people familiar with the matter said, asking not to be identified as the process is private. The office is home to fashion brand Jimmy Choo and British International Investment Plc.