23rd Mar 2006 08:30
Land Securities Group Plc23 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 finalbuilding of the New Street Square development on New Fetter Lane, EC4. BuildingD is part of the 730,000 sq ft mixed-use scheme, designed by BennettsAssociates, which is driving regeneration of the Midtown area. Building D will provide 235,000 sq ft of offices and is scheduled for completionin Spring 2008. Buildings B (209,360 sq ft) and C (42,300 sq ft) are currentlyunder construction and due for occupation by Deloitte in 2007. Building A isalso currently under construction and will offer approximately 198,000 sq ft ofoffice 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 thescheme should be completed in one phase. The New Street Square development willbreathe new life into this commercial district and should provide a strong drawto corporate and professional service occupiers considering relocation andseeking a high quality environment." The New Street Square development replaces an assortment of post-war officeblocks with four contemporary office buildings, all of which open onto a newlandscaped central square lined by shops and cafes. CB Richard Ellis and Jones Lang LaSalle are joint leasing agents for the officesand Churston Heard are leasing the retail units. -Ends- For further information please contact: Land SecuritiesMike Hussey / Emma DenneTel: + 44 (0)20 7413 9000 Financial DynamicsStephanie Highett / Dido LaurimoreTel: + 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 commercialproperty industry for over 60 years. The Group is the UK's largest quoted property company and its activities involveinvestment, development, management and the provision of property services to awide range of occupiers. Its business focus is on three markets: retailproperty, London offices and property outsourcing. It manages over 70 millionsq feet of commercial accommodation. It has an £11.5 billion investment portfolio stretching the length and breadthof the United Kingdom from Portsmouth in the south to Aberdeen in the north. Itowns 32 shopping centres, 28 retail parks and more than 11 million sq ft ofcommercial property in Central London. It has a further 3,000 properties undermanagement through its property outsourcing business. The Group employs 1,500 people across the UK. Its major office locations areLondon, 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 ExchangeRelated Shares:
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