Land Securities Regulatory News (LAND)

7 Nov 2005 08:00

Land Securities Group Plc07 November 2005 7 November 2005 Land Securities Group PLC ("Land Securities" / "Group") LAND SECURITIES AGREES FURTHER MID TOWN LETTING WITH DELOITTE FOR NEW HEADQUARTERS BUILDING IN EC4 Land Securities today announces that Deloitte has agreed to lease a furtherbuilding at its 'New Street Square' development on New Fetter Lane, EC4. In addition to Building B, which comprises 209,360 sq ft (19,500 sq m) ofoffices over 10 floors, Deloitte has exercised its option over Building C, afurther 41,400 sq ft (3,846 sq m) of office accommodation. Both buildings willbe 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 largeprofessional services occupier. The development will breathe new life into thiscommercial 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 accommodatingour people and will be in close proximity to our current offices." The Bennetts Associates designed development replaces an assortment of post waroffice blocks with four contemporary office buildings, all of which open onto anew landscaped central square lined by shops and cafes. The letting to Deloitteleaves approximately 382,000 sq ft of offices and circa 30,000 sq ft of retailavailable for pre-let within the scheme. CB Richard Ellis acted for Land Securities and Jones Lang LaSalle advisedDeloitte. CB Richard Ellis and Jones Lang LaSalle are joint leasing agents forthe development. -Ends- For further information please contact: Emma Denne Stephanie Highett / Dido LaurimoreLand Securities Financial DynamicsTel: + 44 (0)20 7024 5460 Tel: + 44 (0)20 7831 3113 Notes to Editors www.newstreetsquare.co.uk Land Securities Group PLC Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. Ithas been at the forefront of the UK's commercial property industry for 60 years.Today, the Group maintains its market leading position as the UK's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers. The Group's objective is to createattractive and sustainable returns for its shareholders through its activities,which include property investment, development and property outsourcing. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail,• London offices, and• Property outsourcing. Its £9.4 billion investment portfolio includes more than 810,000 sq m of officespace in Central London and substantial retail holdings in Oxford Street,Tottenham Court Road and Notting Hill Gate. In addition the Group owns 31shopping centres and 32 retail parks located across the UK. It has a substantial development programme with a number of development projectsincluding major retail-led urban regeneration schemes and Central Londonmixed-use developments. The Group is also masterplanning one of Europe'slargest regeneration schemes in Kent Thameside. For more information on Land Securities visit www.landsecurities.com This information is provided by RNS The company news service from the London Stock Exchange