Land Securities Group Plc
31 July 2007
31 July 2007
Land Securities Group PLC ('Land Securities' / 'Group')
Land Securities SIGNS NEW MAJOR PRE-LETTING AT NEW STREET SQUARE DEVELOPMENT,
LONDON EC4
Land Securities today announces that it has exchanged contracts with Speechly
Bircham LLP, a leading City law firm, for the pre-letting of 77,126 sq ft at its
New Street Square development on New Fetter Lane, EC4.
Speechly Bircham will make 6 New Street Square its new UK head office, occupying
floors 1-7 of the building at £53.50 per sq ft on a 15 year term.
Mike Hussey, Land Securities' Managing Director, London Portfolio commented on
the letting;
'We are delighted to have completed this transaction with Speechly Bircham. The
letting is further confirmation of New Street Square as a leading destination
for professional services organisations who are looking for quality office
accommodation coupled with a good working environment for their employees. This
building is quickly establishing itself as a land mark for the burgeoning
Mid-Town market.'
6 New Street Square is part of the 730,000 sq ft mixed-use scheme, designed by
Bennetts Associates, which replaces an assortment of post war office blocks with
four contemporary office buildings, all of which open onto a new landscaped
central square lined by shops and cafes.
The letting to Speechly Bircham follows the successful letting of 2 and 3 New
Street Square to Deloitte and 5 New Street Square to Taylor Wessing LLP.
CB Richard Ellis and Jones Lang LaSalle advised Land Securities and GVA Grimley
advised Speechly Bircham. Churston Heard is advising Land Securities on the
22,500 sq ft retail element of the scheme.
For more information please visit www.newstreetsquare.co.uk
-Ends-
For further information, please contact:
Mel Winsor/Mike Hussey Stephanie Highett / Dido Laurimore
Land Securities Group PLC Financial Dynamics
T +44 (0)20 7413 9000 T +44 (0)207 831 3113
Notes to editors:
Please visit www.newstreetsquare.co.uk
Land Securities
Land Securities is the UK's leading real estate investment trust. Half our
multi-billion pound portfolio is in London, where we own many landmark buildings
such as the Piccadilly Lights and Westminster City Hall and are developing some
of the Capital's most innovative mixed-use schemes, such as Cardinal Place,
Victoria and Park House on Oxford Street. Land Securities' investment portfolio
also includes around 60 retail parks and shopping centres such as the Bullring
in Birmingham. We are also one of the leading names in property outsourcing, and
through urban community development are involved in long-term, large-scale
regeneration projects in the south-east.
Land Securities is the UK's leading REIT with a national portfolio of commercial
property worth over £14 billion, which includes some of Britain's best-known
shopping centres as well as London landmarks such as the Piccadilly Lights. Our
multi billion pound development programme is transforming regional city centres,
key sites in Central London and delivering long-term, large-scale regeneration
projects in the south-east. We are also the principal name in property
outsourcing and partnerships.
This information is provided by RNS
The company news service from the London Stock Exchange
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