One New Change offices 'set for another new tenant'

Land Securities is rumoured to be closing in on another new occupier for its One New Change office space

Article posted: 20 Jan 2011

A financial company could soon follow Friends Provident by choosing One New Change as the location of its office space in the City of London.

The Guardian reports that Land Securities hopes to confirm a new tenant for the development by the end of the week, with Japanese bank Mizuho and the Chicago Mercantile Exchange both holding talks over a potential move.

In its interim management statement released on Wednesday (January 19th), the commercial property firm said the office space at One New Change is now 71 per cent let.

According to the trading update, the average rent on office lettings completed to date is £59.40 per sq ft.

The mixed-use complex opened in October 2010 and its retail element is already fully occupied, with the likes of Banana Republic, Hugo Boss and Topshop taking units in the Cheapside scheme.

Designed by award-winning architect Jean Nouvel, One New Change offers four floors of office space in London and spectacular views over the dome of St Paul's Cathedral.

Posted by Dan