20th Sep 2006 08:30
Land Securities Group Plc20 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 hasresolved to grant planning permission for its proposed development at 20Fenchurch Street, EC3. Designed by international architect Rafael Vinoly, 20 Fenchurch Street will be a160m (525 ft) 37-storey tower complex, totalling approximately 600,000 sq ft ofoffice and retail space. Vinoly's innovative design also features a public 'Sky Garden' at the top of thebuilding. This will be the highest 'accessible park' in London and will offervisitors an outside roof terrace, gardens, restaurant and cafe and a panoramicview of London. In addition, the development of 20 Fenchurch Street willsignificantly enhance the public realm around the base of the building, creatingnew views of the adjacent Wren Church and St. Margaret Pattens. Once full planning permission is obtained, the intention is to go to the marketto seek a pre-let of part of the building prior to construction starting onsite. Mike Hussey, Managing Director of Land Securities' London Portfolio, commented: "This building responds to the City's need for increased density and themarket's demand for efficient large floor plates. We are also extremely pleasedthat the building combines outstanding design with progressive features thatwill ensure it meets rigorous sustainability criteria. "20 Fenchurch will set new benchmarks for office design and we are delightedwith 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. Ithas been at the forefront of the UK's commercial property industry for over 60years. Today, the Group maintains its market leading position as the UK's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers, owing and managing six and a half millionsq m of property across the UK. The Group's objective is to create attractive and sustainable returns for itsshareholders through its activities, which include property investment,development and property outsourcing. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail, • London offices and • Property outsourcing. The £12.9 billion investment portfolio includes office and retail space inCentral London, 30 shopping centres, 30 retail parks and 10 supermarketproperties located across the UK. It has a substantial development programme including major retail-led urbanregeneration schemes and Central London mixed-use developments. The Group isalso master planning one of Europe's largest regeneration schemes in KentThameside. The Group leads the market in property outsourcing where, through LandSecurities Trillium, it provides accommodation and property-related services tothe Department for Work and Pensions, Norwich Union, Barclays Bank, DVLA andthrough Telereal to BT. The Group is committed to environmental initiatives and community involvementrecognised by the Group's inclusion in the FTSE4Good Index and the Dow JonesSustainability 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 theCouncil of the Royal Institute of British Architects (RIBA). He has 40 years ofarchitectural experience, ranging from the expansion of the John F KennedyCentre for Performing Arts in the US, to Japan's most important culturalcomplex, the Tokyo International Forum. As in his much publicised proposal forthe World Trade Centre site, an integral part of all his designs is to invest inthe public realm. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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