Land Securities Group Plc
07 November 2005
7 November 2005
Land Securities Group PLC ('Land Securities' / 'Group')
LAND SECURITIES AGREES FURTHER MID TOWN LETTING WITH
DELOITTE FOR NEW HEADQUARTERS BUILDING IN EC4
Land Securities today announces that Deloitte has agreed to lease a further
building at its 'New Street Square' development on New Fetter Lane, EC4.
In addition to Building B, which comprises 209,360 sq ft (19,500 sq m) of
offices over 10 floors, Deloitte has exercised its option over Building C, a
further 41,400 sq ft (3,846 sq m) of office accommodation. Both buildings will
be ready for fit out in the Summer of 2007.
Mike Hussey, Land Securities' Managing Director, London Portfolio, commented;
'This is further vindication that New Street Square is well suited to the large
professional services occupier. The development will breathe new life into this
commercial district and we are delighted that Deloitte has made this decision.'
David Gill, head of property and corporate services at Deloitte, said;
'This additional space will provide us with greater flexibility in accommodating
our people and will be in close proximity to our current offices.'
The Bennetts Associates designed development 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 Deloitte
leaves approximately 382,000 sq ft of offices and circa 30,000 sq ft of retail
available for pre-let within the scheme.
CB Richard Ellis acted for Land Securities and Jones Lang LaSalle advised
Deloitte. CB Richard Ellis and Jones Lang LaSalle are joint leasing agents for
the development.
-Ends-
For further information please contact:
Emma Denne Stephanie Highett / Dido Laurimore
Land Securities Financial Dynamics
Tel: + 44 (0)20 7024 5460 Tel: + 44 (0)20 7831 3113
Notes to Editors
www.newstreetsquare.co.uk
Land Securities Group PLC
Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. It
has 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 largest
quoted property company by providing commercial accommodation and property
services to a wide range of occupiers. The Group's objective is to create
attractive 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 UK
commercial property market:
• Retail,
• London offices, and
• Property outsourcing.
Its £9.4 billion investment portfolio includes more than 810,000 sq m of office
space in Central London and substantial retail holdings in Oxford Street,
Tottenham Court Road and Notting Hill Gate. In addition the Group owns 31
shopping centres and 32 retail parks located across the UK.
It has a substantial development programme with a number of development projects
including major retail-led urban regeneration schemes and Central London
mixed-use developments. The Group is also masterplanning one of Europe's
largest 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 Exchange
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