18th Jan 2006 08:00
Land Securities Group Plc18 January 2006 18 January 2006 Land Securities Group PLC ("Land Securities" / "the Group") NEW LANDMARK FOR CITY OF LONDON GETS GO AHEAD Land Securities has today received a resolution to grant approval from theCorporation of London's Planning and Transportation Committee for a landmarkretail and office development at One New Change EC4 in the City of London,designed by Jean Nouvel. Situated to the east of St Paul's Cathedral, the One New Change developmentrepresents a rare opportunity for comprehensive redevelopment close to St Paul'sand to improve the environment and amenity in this part of the City. Detailed plans were approved today for the creation of a new 220,000 sq ftretail destination over three floors; making it one of the largest consolidatedretail spaces across central London. The development will also compriseapproximately 340,000 sq ft of premier office accommodation with extensive newrooftop public space for local residents, workers and visitors to enjoycommanding new views across St Paul's and the wider city. Welcoming the Committee's decision, Mike Hussey, Managing Director of the LandSecurities London Portfolio said: "One New Change will be a development of exceptional quality which has beencarefully designed to create a vibrant commercial hub for this important Citycommunity. "Our plans for a wholly new and extensive retail opportunity close to St Paul'sand with access to the City and Southbank will truly open up New Change andCheapside as a first class destination for visitors." - ENDS - For further information please contact - Land SecuritiesMike Hussey/ Emma DenneTel: 020 7413 9000 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. 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 £11.5 billion combined investment portfolio totals over six million sq feet,including office and retail space in Central London, 28 shopping centres, 32retail parks and 11 supermarket properties 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, the BBC, Norwich Union, Barclays Bank,DVLA and through Telereal to BT. The Group is committed to environmental initiatives and community involvementrecognised by the Group's inclusion in the BiTC Corporate Responsibility Index,FTSE4Good Index and the Dow Jones Sustainability Index. 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:
Land Securities