Land Securities has today announced that it has pre-let 1 New Street Square EC4 in its entirety to Deloitte, over a year ahead of the building’s completion.
Deloitte, which already occupies 256,000 sq ft of the adjacent 2 and 3 New Street Square, has agreed terms on a 20 year lease for a further 275,000 sq ft at the new development which is due to complete in June 2016.
Colette O’Shea, Managing Director, London Portfolio at Land Securities, said: “Deloitte has been one of our largest and most valued customers in the London Portfolio and this expansion into the New Street Square campus allows us to strengthen that relationship further.
“Our significant committed development programme is being delivered into a market which simply doesn’t have enough of the efficient and technically resilient space that today’s businesses require and we’re delighted to build on our recent leasing success.”
Speaking on behalf of Deloitte, David Gill, managing partner of internal client services, said: “The opportunity to occupy the landmark 1 New Street Square concludes the next phase of consolidating our London campus which we first started in 2009.
“We have 10,000 staff operating out of our London campus, yet successfully applying our agile working strategy allows us to operate effectively from 6,000 workstations.
“1 New Street Square will further deliver an exciting and flexible working environment for our increasingly diverse and agile London talent. We look forward to seeing the development of the building and taking occupation in autumn 2017.”
Land Securities, the UK’s largest listed commercial property company, owns and manages over 25 million sq ft of property valued in excess of £13 billion.
