The John Lewis Partnership, an employee-owned British retail group, has lined up a total of 36,500 sq ft of offices in Victoria as it plans for relocation in the capital later this year.
Land Securities, the property investment and development giant, announced details of the deal that takes occupancy levels at its 123 Victoria Street offices up to 78 per cent.
John Lewis’ business includes 30 large-scale department stores that carry the John Lewis name, a further nine John Lewis homeware outlets and more than 250 Waitrose supermarkets across the UK. The partnership has said it will relocate London-based office staff to the second and third floors of 123 Victoria Street during the third quarter of 2013.
In signing up to occupy offices at Land Securities’ West End office site, John Lewis joins the fashion house and shoe designer Jimmy Choo and the American IT software company Intuit. Another firm to sign up to the offices at Victoria Street recently is CPA Global, which agreed to take 12,600 sq ft and use the site as its official operating headquarters after relocating from Olivers Yard in East London.
“I am delighted to welcome John Lewis to 123 Victoria Street who join Jimmy Choo, Bally, CPA Global, Intuit and CDC Group in the building,” said Adrian Crooks, Land Securities’ leasing director, on announcing news of the retailer’s commitment.
The 123 Victoria Street site that attracted the John Lewis Partnership and others in recent months is not the only Land Securities office development in the Westminster borough in London, or indeed on Victoria Street. The company announced earlier this month that the commodity-oriented Klesch Group and the energy firm KPI Bridge Oil had both signed up to lease offices at 80 Victoria Street, where EDF Energy and Microsoft had already done the same.
Editor’s notes: Land Securities announced it had rebranded as Landsec in June 2017.
Other occupiers at 123 Victoria Street include Landsec’s flexible workspace brand Myo, which offers various alternatives to renting office space in London via a conventional lease, including flexible serviced offices and corporate coworking passes.
These solutions are less onerous than a lease, are held on shorter-term licences, and the rent is inclusive of utilities, service charge, cleaning, and other overheads.
In June 2025, it was announced that Cheyne Capital was in talks with Landsec to acquire its Red Lion Court development in Southwark.
It was rumoured that, in partnership with Stanhope, Cheyne Capital would redevelop an existing office building into a 230,000-square-foot office space with retail and public areas.
It was confirmed in September 2025 that the acquisition had been completed.
In March 2026, Landsec reported that its flex space brand MYO’s property in Kings Cross had attracted more than 10 AI and technology occupiers since opening in 2025 and was expected to be 90 per cent let by Q3 2026.
In May 2026, Landsec announced that its financial performance for the year ending March 2026 had reached the top end of its guidance, with earnings per share rising to 51.4 pence.
CEO Mark Allan advised that they had experienced the “strongest occupier market in a generation,” driving its office portfolio occupancy to a 20-year high of 98.6 per cent.
The largest commercial property development and investment company in the UK advised that its Central London office assets secured robust leasing momentum and generated 6.0 per cent like-for-like rental income growth.
The company expected like-for-like rent to grow by a further 3 per cent to 5 per cent in the 2027 financial year due to no slowdown in customer demand.