Victoria Property Owner BID

A new opportunity for property owners to shape the future of London Heritage Quarter. We are seeking to establish a Property Owner Business Improvement District for Victoria designed to complement the existing occupier BID (Victoria BID) already operating in the area.

Why a Property Owner BID?

A Property Owner BID would give property owners, landlords and investors:

• A unified voice on strategic issues affecting the built environment and long-term asset value
• Direct influence over investment priorities, placemaking initiatives and area-wide improvements
• Collaborative leverage to address challenges that individual owners cannot tackle alone – from public realm enhancements to sustainability programmes
• Additional resource to enhance operational services, adding budget and capacity to deliver more for the area
• Aligned interests with occupier BIDs, creating a coordinated approach to making Victoria more attractive, competitive destination

Working in tandem

A Property Owner BID can operate on two levels. Strategically, it focuses on the long-term issues that matter most to those with a lasting stake in the area – capital projects, planning engagement, infrastructure and the factors that underpin rental values and investment returns.  At the same time, it strengthens the operational agenda by providing property owners with a direct voice in day-to-day priorities and contributing additional budget to amplify the services already delivered by the occupier BIDs.

Together, both structures create a stronger, more resilient partnership for London Heritage Quarter.

Get involved

If you own property in the Victoria BID area and would like to contribute to shaping the new Property Owner BID – or simply learn more about what a Property Owner BID could mean for you, we would welcome your input. Contact info@london-hq.co.uk

Timetable

• Notice to Secretary of State – 9 January 2027
• Confirmation of BID Proposal – 15 May 2027
• Despatch of Voter Canvass – 2 July 2027
• Close of Voter Canvass – 3 August 2027
• Despatch of Notification of Ballot – 17 August 2027
• Despatch of ballot papers – 31 August 2027
• Close of Ballot – 30 September 2027
• Issue of Result – by 5pm on Friday 1 October 2027