Re New Street Square
Land Securities Group Plc
23 March 2006
23 March 2006
Land Securities Group PLC ('Land Securities' / 'Group')
LAND SECURITIES BOARD GIVES GO-AHEAD FOR FINAL BUILDING AT NEW STREET SQUARE
DEVELOPMENT
Land Securities announces that it will proceed with the fourth and final
building of the New Street Square development on New Fetter Lane, EC4. Building
D is part of the 730,000 sq ft mixed-use scheme, designed by Bennetts
Associates, which is driving regeneration of the Midtown area.
Building D will provide 235,000 sq ft of offices and is scheduled for completion
in Spring 2008. Buildings B (209,360 sq ft) and C (42,300 sq ft) are currently
under construction and due for occupation by Deloitte in 2007. Building A is
also currently under construction and will offer approximately 198,000 sq ft of
office accommodation over 17 floors.
The scheme will include approximately 30,000 sq ft of retail and leisure.
Mike Hussey, Land Securities' Managing Director, London Portfolio commented:
'Good momentum has been generated by the letting to Deloitte and we believe the
scheme should be completed in one phase. The New Street Square development will
breathe new life into this commercial district and should provide a strong draw
to corporate and professional service occupiers considering relocation and
seeking a high quality environment.'
The New Street Square development replaces an assortment of post-war office
blocks with four contemporary office buildings, all of which open onto a new
landscaped central square lined by shops and cafes.
CB Richard Ellis and Jones Lang LaSalle are joint leasing agents for the offices
and Churston Heard are leasing the retail units.
-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
www.newstreetsquare.co.uk
Land Securities Group PLC
Land Securities is a FTSE 100 company and has been leading the UK's commercial
property industry for over 60 years.
The Group is the UK's largest quoted property company and its activities involve
investment, development, management and the provision of property services to a
wide range of occupiers. Its business focus is on three markets: retail
property, London offices and property outsourcing. It manages over 70 million
sq feet of commercial accommodation.
It has an £11.5 billion investment portfolio stretching the length and breadth
of the United Kingdom from Portsmouth in the south to Aberdeen in the north. It
owns 32 shopping centres, 28 retail parks and more than 11 million sq ft of
commercial property in Central London. It has a further 3,000 properties under
management through its property outsourcing business.
The Group employs 1,500 people across the UK. Its major office locations are
London, Leeds and Glasgow.
For more information on Land Securities visit www.landsecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
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