Following significant regeneration over the past decade, Victoria is now benefiting from major investment and redevelopment with the unlocking of over three million square feet of new offices, retail and residential spaces. Traditionally seen as a transport hub for commuters and office workers, Victoria is now establishing itself as a destination in its own right. High end homes, restaurants and boutiques as well as improvements to the public realm are bringing new vibrancy to the area.
Victoria’s lower entry costs for office tenants and improvements to the area are making it an increasingly attractive destination for a number of eclectic companies. This has created a major migration from more traditional locations such as Mayfair and The City. Fashion houses such as Burberry, Armani, Tom Ford and Jimmy Choo, financial institutions including Wellington Hedge Fund and Italian investment bank Mediobanca, luxury car maker Rolls Royce and philanthropic establishment, The Bill & Melinda Gates Foundation now all have offices in SW1.
Source : Knight Frank