Land Securities signs pre-letting in London (UK)

Land Securities has exchanged contracts with Speechly Bircham LLP, a leading City law firm, for the pre-letting of 77,126 ft² at its New Street Square development on New Fetter Lane, London 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 ft² 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-ft² 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-ft² retail element of the scheme.

Source: Land Securities

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