London & Regional Properties Limited have announced that they are pulling out of a 700, 000 sq ft mixed-use scheme which was to be located at Vauxhall Cross Island.  Originally forming part of London & Regional’s plans for a 1.5 billion expenditure in London, the 0.95 acre site is now in the hands of Chartered Surveyors Tuckerman who will be marketing the area.  London & Regional’s decision to abandon the project comes following teleshopping company QVC’s decision to walk away from their plans to take 230,000 sq ft of offices at the development to house their new head office.

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