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Land Securities to submit plans to fix ‘Walkie Scorchie’

Land Securities has confirmed it will submit a planning application in February to correct the solar glare problem at its ‘Walkie Talkie’ building in London.

The rays reflected from the building onto a patch of street below were blamed for melting plastic parts of a parked car during the summer.

In its Q3 interim management statement, Land Securities said the building at 20 Fenchurch Street in the City of London is 64 per cent pre-let with a further 23 per cent in solicitors’ hands.

It added that handover of the pre-let office floors is on schedule for April.

Land Securities said strong interest in its speculative developments from potential occupiers had given it confidence to press ahead with its development programme, including committing to the £66m redevelopment of 20 Eastbourne Terrace in the West End.

Land Securities chief executive Robert Noel said: “In central London, we have seen occupier demand increase further. This, combined with a constrained supply of high-quality, technically resilient space, means our significant committed programme of speculative developments is well placed.

“In retail, there is continued demand for good locations as evidenced by the increased occupancy levels in our properties and, in particular, there is strong demand in food and beverage,” he added.

During the period Land Securities was granted planning permission for the extension of the White Rose shopping centre in Leeds and for its development of Ealing Filmworks, a cinema-led leisure, retail and residential scheme.

Construction also started at its Taplow retail park near Maidenhead, which it said is 91 per cent pre-let or in solicitors’ hands.

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