Land Securities has secured resolution to grant planning consent for its 1 New Street Square development from the City of London.
The development will replace three existing buildings on the corner of Shoe Lane and Little New Street, EC4, with one building providing around 250,000 sq ft of contemporary offices and shops.
The scheme, designed by Robin Partington Architects, will also bring restaurants and retailers to the area and enhance the pedestrian route through Athene Place.
Colette O’Shea, head of development for the London portfolio at LandSec, said: “New Street Square has become an important London location and has helped put Midtown on the map. 1 New Street Square will be a natural extension to the area, making it even more attractive to potential occupiers. It will bring much needed grade A office space to London in 2016 and help maintain London’s reputation as an attractive place to work.”
Work is expected to start in 2013, with completion scheduled for 2016.
samantha.mcclary@estatesgazette.com
