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17Sep92 UK: PRUDENTIAL ESTATES PROPOSES DEVELOPMENT SCHEME FOR KNIGHTSBRIDGE IN LONDON.

Work could start in 1996 on a massive £325 million scheme to develop a large swathe of Knightsbridge, London.Prudential Estates has put forward a plan which includes offices, shops, houses and flats to occupy around 150,000 sq m on a site bounded by Brompton Road, Knightsbridge and Lancelot Place.Work would kick off with a six-month demolition contract, involving six high-rise 1960s buildings. This would be followed by a two-year construction contract. The plan is for 74,000 sq m of offices, 38,000 sq m of shops, 16 town houses and 11 flats.The site would be serviced via underground access, entailing large-scale excavation works.Also planned is a pedestrian subway to Knightsbridge Tube station. Because of its large retail element, the scheme needs to be rubber-stamped by Environment Secretary Michael Howard.