LAND SECURITIES ‘TOPS OUT’ ONE NEW CHANGE

Leading developer completes structure of pioneering City development

Land Securities has celebrated the topping out of its landmark City of London development, One New Change. The topping out ceremony, held on Tuesday, means that the structure is now complete and the last piece of cement has been placed at the top of the building.

Designed by internationally-renowned Pritzker Prize-winning architect Jean Nouvel, One New Change is taking shape as a world-class contemporary building designed to complement its historic neighbour, St Paul’s Cathedral. The development’s design was drawn up in close consultation with St Paul’s and the City.

One New Change is set to open in time for Christmas 2010 and will lead the transformation of the City into a seven-day shopping and leisure destination with a difference. Visitors to One New Change will enjoy never-before-seen views of St Paul’s Cathedral from the public roof terrace and proximity to leading cultural attractions such as the Tate Modern. One New Change is also set to provide a vibrant retail offer. Nearly half of the 65 shops and restaurants have been let or reserved, with confirmed signings including Hobbs, Reiss, H&M, Marks & Spencer and Topshop.

Speaking at the topping out ceremony, Colette O’Shea, Head of Development, Land Securities London Portfolio, commented: “Today marks an exciting milestone for Land Securities. One New Change is a prime example of our ongoing commitment to forging London’s future as a truly great world city. This development will offer a fresh perspective on life in the City of London and will play a vital role in restoring Cheapside to its rightful place on the retail map.”

Developer: Land Securities

Architect: Concept designer, Jean Nouvel and delivery designer, Sidell Gibson
Agents: Office; DTZ, Retail; CRBE and Knight Frank

source : Land Securities