Public pension giant Canada Pension Plan Investment Board (CPPIB) has formed a 50:50 joint venture with UK REIT Land Securities to develop and own Victoria Circle in the West End of London. When complete, the scheme will provide 84,500 m[sup]2[/sup] of residential, offices and retail space, as well as public amenities with an estimated value in excess of £1 bn (EUR 1.2 bn).