Land Securities has secured resolution to grant planning consent for its 1 New Street Square development from the City of London.
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Work is due to start in 2013.
The new development will replace three existing buildings on the corner of Shoe Lane and Little New Street, EC4 with one dramatic building providing approximately 250,000 ft² (approx. 23,225 m²) (NIA) of contemporary office and retail accommodation.
It will offer vital grade-A office space for London's Midtown market combined with spectacular views of St Paul's Cathedral.
The scheme, designed by Robin Partington Architects, will also bring restaurants and retailers to the area, enhance the pedestrian route through Athene Place, and reinforce Land Securities' successful New Street Square's reputation as an exciting Midtown destination.
Colette O'Shea, Head of Development, London Portfolio, Land Securities, said: "New Street Square has become an important London location and has helped put Midtown on the map. 1 New Street Square will be a natural extension to the area, making it even more attractive to potential occupiers.
"It will bring much needed grade-A office space to London in 2016 and help maintain London's reputation as an attractive place to work."
Work is expected to start in 2013 and completion is expected in 2016.
Source: Land Securities
It will offer vital grade-A office space for London's Midtown market combined with spectacular views of St Paul's Cathedral.
The scheme, designed by Robin Partington Architects, will also bring restaurants and retailers to the area, enhance the pedestrian route through Athene Place, and reinforce Land Securities' successful New Street Square's reputation as an exciting Midtown destination.
Colette O'Shea, Head of Development, London Portfolio, Land Securities, said: "New Street Square has become an important London location and has helped put Midtown on the map. 1 New Street Square will be a natural extension to the area, making it even more attractive to potential occupiers.
"It will bring much needed grade-A office space to London in 2016 and help maintain London's reputation as an attractive place to work."
Work is expected to start in 2013 and completion is expected in 2016.
Source: Land Securities
