3rd May 2005 09:30
Land Securities Group Plc03 May 2005 3 May 2005 Land Securities Group PLC ("Land Securities" / "Group") Land Securities completes mid town letting withDeloitte for new headquarters building in EC4 Land Securities Group PLC announces that it has exchanged contracts withDeloitte for the letting of Building B at the 'New Street Square' development onNew Fetter Lane, EC4. Deloitte will occupy Building B, comprising 209,360 sq ft (19,500 sq m) ofoffices over 10 floors, with an option over a further 42,300 sq ft (3,930 sq m)in Building C. The offices will be ready for fit out in the Summer of 2007 andis the first letting in this four building scheme. As part of the transaction, Land Securities will assume responsibility for theDeloitte leases at Arundel Great Court of approximately 250,000 sq ft. Theanticipated cost, associated with these voids, has been included in the totaltransaction costs. Mike Hussey, Land Securities' Managing Director, London Portfolio commented; "We are delighted to welcome Deloitte to New Street Square, a development whichwill provide a new contemporary environment for corporate professional occupiersin the heart of London." David Gill, head of property and corporate services at Deloitte, said; "NewStreet Square is an excellent location which will provide a modern workingenvironment for our people." The Bennetts Associates designed development replaces an assortment of post waroffice blocks with four contemporary office buildings, all of which open onto anew landscaped central square lined by shops and cafes. The letting to Deloitteleaves approximately 424,000 sq ft of offices and circa 30,000 sq ft of retailavailable within the scheme, which may be built speculatively. CB Richard Ellis acted for Land Securities and Jones Lang LaSalle advisedDeloitte. CB Richard Ellis and Jones Lang LaSalle are joint leasing agents forthe development. -Ends- For further information please contact: Emma DenneLand SecuritiesTel: + 44 (0)20 7413 9000 Stephanie Highett / Dido LaurimoreFinancial DynamicsTel: + 44 (0)20 7831 3113 Notes to Editors For further information on the scheme, please visit www.newstreetsquare.co.uk. 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 60 years. 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. The Group's objective is to createattractive 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 UKcommercial property market: • Retail,• London offices and• Property outsourcing. Its £8.7 billion investment portfolio includes more than 810,000 sq m of officespace in Central London and substantial retail holdings in Oxford Street andTottenham Court Road. In addition the Group owns 21 shopping centres and 25retail parks located across the UK. It has a substantial development programme with a number of development projectsincluding major retail-led urban regeneration schemes and Central Londonmixed-use developments. The Group is also masterplanning one of Europe'slargest regeneration schemes in Kent Thameside. For more information on Land Securities visit www.landsecurities.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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