14th Sep 2006 09:00
Land Securities Group Plc14 September 2006 14 September 2006 LAND SECURITIES GROUP PLC ("Land Securities / the Group's") Park House development gets green light from Westminster Land Securities announces that Westminster City Council's Planning andTransportation Committee resolved to grant planning consent for the Group'smixed use redevelopment of Park House on Oxford Street W1. Park House occupies an entire city block of 0.42 hectares at 453-497 OxfordStreet, including 47 North Row and is bordered by Oxford Street to the north,Park Street to the west, North Row to the south and North Audley Street to theeast. Designed by Hamiltons Architects, the bold and contemporary design provides100,000 sq ft of retail accommodation, 165,000 sq ft of office space as well as39 high quality apartments which will take in views across Oxford Street andsouth Mayfair, integrating three distinct uses in one building. The scheme alsoincludes significant improvements to North Row and public realm in the vicinityof the site. Welcoming the Committee's decision, Mike Hussey, Managing Director of LandSecurities' London Portfolio said: "For too long progress in this important part of the West End has beenrestricted as a result of a poor architectural heritage. The Hamiltons design iscreative, innovative and addresses the needs of the office and retail occupiers.The residential element of the scheme is going to be simply stunning." -Ends- For further information please contact - Land SecuritiesMike Hussey/Melissa Winsor020 7413 9000 Financial DynamicsStephanie Highett/Dido Laurimore020 7831 3113 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 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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