Land Securities has announced 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 ft² (19,500 m²) of offices over 10 floors, Deloitte has exercised its option over Building C, a further 41,400 ft² (3,846 m²) 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 cafés. The letting to Deloitte leaves approximately 382,000 ft² of offices and circa 30,000 ft² of retail available for prelet 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.
Source: Land Securities
