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Land Securities Wins 690,000-SF City Consent

LONDON-The City Corporation has approved Land Securities' revised planning application for its site in New Fetter Lane, London EC4. The new consent is for four buildings totalling 690,000 sf.

By Graham Parker | Updated on May 04, 2004

LONDON-The City Corporation has voted to approve Land Securities application for a new planning consent on its New Fetter lane site in Midtown. Consent had already been granted for a single building of 720,000 sf on the site, which is bounded by New Fetter Lane, West and East Harding Street and Bartlett Court, but Land Securities has commissioned a revised scheme from Bennetts Associates to reflect changed market conditions.The new scheme consists of four main buildings equal to 691,000 sf comprising 665,750 sf of office accommodation and 24,600 sf of retail space. Individual office sizes range from 39,000 to 235,000 sf.Land Securities director Mike Hussey says “We are delighted that the City Corporation supports our vision for New Street Square. Our plans will re-establish an important new destination for corporate professional occupiers. We will now continue to seek a pre-let for one or two of the buildings and due to the flexibility of the scheme and giving us the option to complete the balance of the scheme speculatively.”

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