Planning permission
Land Securities Group Plc
20 September 2006
PRESS RELEASE
20 September 2006
Land Securities Group PLC ('Land Securities' / 'the Group')
LAND SECURITIES SECURES RESOLUTION FOR NEW CITY OF LONDON TOWER
Land Securities announces that the City of London Planning Committee has
resolved to grant planning permission for its proposed development at 20
Fenchurch Street, EC3.
Designed by international architect Rafael Vinoly, 20 Fenchurch Street will be a
160m (525 ft) 37-storey tower complex, totalling approximately 600,000 sq ft of
office and retail space.
Vinoly's innovative design also features a public 'Sky Garden' at the top of the
building. This will be the highest 'accessible park' in London and will offer
visitors an outside roof terrace, gardens, restaurant and cafe and a panoramic
view of London. In addition, the development of 20 Fenchurch Street will
significantly enhance the public realm around the base of the building, creating
new views of the adjacent Wren Church and St. Margaret Pattens.
Once full planning permission is obtained, the intention is to go to the market
to seek a pre-let of part of the building prior to construction starting on
site.
Mike Hussey, Managing Director of Land Securities' London Portfolio, commented:
'This building responds to the City's need for increased density and the
market's demand for efficient large floor plates. We are also extremely pleased
that the building combines outstanding design with progressive features that
will ensure it meets rigorous sustainability criteria.
'20 Fenchurch will set new benchmarks for office design and we are delighted
with the City of London's decision.'
- ENDS -
For further information please contact:
Land Securities
Mike Hussey/Emma Denne
Tel: +44 (0)20 7413 9000
Financial Dynamics
Stephanie Highett / Dido Laurimore
Tel: +44 (0)20 7831 3113
Notes to Editors:
Land Securities Group PLC
Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. It
has been at the forefront of the UK's commercial property industry for over 60
years.
Today, the Group maintains its market leading position as the UK's largest
quoted property company by providing commercial accommodation and property
services to a wide range of occupiers, owing and managing six and a half million
sq m of property across the UK.
The Group's objective is to create attractive and sustainable returns for its
shareholders through its activities, which include property investment,
development and property outsourcing.
Land Securities holds a market leading position in three areas of the UK
commercial property market:
• Retail,
• London offices and
• Property outsourcing.
The £12.9 billion investment portfolio includes office and retail space in
Central London, 30 shopping centres, 30 retail parks and 10 supermarket
properties located across the UK.
It has a substantial development programme including major retail-led urban
regeneration schemes and Central London mixed-use developments. The Group is
also master planning one of Europe's largest regeneration schemes in Kent
Thameside.
The Group leads the market in property outsourcing where, through Land
Securities Trillium, it provides accommodation and property-related services to
the Department for Work and Pensions, Norwich Union, Barclays Bank, DVLA and
through Telereal to BT.
The Group is committed to environmental initiatives and community involvement
recognised by the Group's inclusion in the FTSE4Good Index and the Dow Jones
Sustainability Index and the awarding of a 'Big Tick' by BiTC.
For more information on Land Securities visit www.landsecurities.com
Rafael Vinoly has recently been awarded an International Fellowship by the
Council of the Royal Institute of British Architects (RIBA). He has 40 years of
architectural experience, ranging from the expansion of the John F Kennedy
Centre for Performing Arts in the US, to Japan's most important cultural
complex, the Tokyo International Forum. As in his much publicised proposal for
the World Trade Centre site, an integral part of all his designs is to invest in
the public realm.
This information is provided by RNS
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