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Wednesday, 26 February

Almost No Room at the Inn

Land Securities has secured three new lettings at New Ludgate, EC4, in London taking the scheme to 92% let.

The first of the lettings is the Commonwealth Bank of Australia will move its European headquarters to 44,000sqft on the first and second floors at One New Ludgate on a 15-year lease.

Meanwhile, international law firm Ropes & Gray which signed a 20-year lease for 45,000sqft at One New Ludgate last year, will now take a further 13,000sqft on the building’s fifth floor.

The third letting is to global sales and marketing consultancy, ZS Associates International which has signed on 13,000sqft on the eighth floor of One New Ludgate.

New Ludgate comprises two distinct buildings, One and Two New Ludgate which completed in April. The scheme has 355,000sqft of office space and 26,000sqft of retail and restaurant space, including contemporary Italian restaurant Obicà, Parisian lunch outlet Cojean, Burger & Lobster, Jamie’s Italian and Association Coffee. Two New Ludgate was pre-let in its entirety to Japanese bank Mizuho Group last year.

“With its resilient and well-engineered office space, refreshing mix of new shops, restaurants and public space at ground level, and excellent connectivity, New Ludgate is a great place for these three companies to do business,” said a delighted Kaela Fenn-Smith, Head of Commercial, Land Securities. “We look forward to welcoming them all to the building when they start moving in later this year.”

Picture:   Things are looking good for Land Securities with three new lettings at New Ludgate, EC4 in London.

Article written by Robin Snow

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