Land Securities has today received a resolution to grant approval from the Corporation of London's Planning and Transportation Committee for a landmark retail and office development at One New Change EC4 in the City of London, designed by Jean Nouvel.
Situated to the east of St Paul's Cathedral, the One New Change development represents a rare opportunity for comprehensive redevelopment close to St Paul's and to improve the environment and amenity in this part of the City.
Detailed plans were approved today for the creation of a new 220,000 sq ft retail destination over three floors; making it one of the largest consolidated retail spaces across central London. The development will also comprise approximately 340,000 sq ft of premier office accommodation with extensive new rooftop public space for local residents, workers and visitors to enjoy commanding new views across St Paul's and the wider city.
Welcoming the Committee's decision, Mike Hussey, Managing Director of the Land Securities London Portfolio said:
"One New Change will be a development of exceptional quality which has been carefully designed to create a vibrant commercial hub for this important City community.
"Our plans for a wholly new and extensive retail opportunity close to St Paul's and with access to the City and Southbank will truly open up New Change and Cheapside as a first class destination for visitors."
Source: Land Securities