Land Securities has secured resolution to grant planning consent for its 1 New Street Square development from the City of London.
The development includes replacing three existing buildings on the corner of Shoe Lane and Little New Street, EC4 with one new building.
The new building will provide approximately 250,000 sq ft of office and retail accomodation with views of St Paul’s Cathedral.
Work is expected to start in 2013 and completion is expected in 2016.
“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.”