The mixed-use development at 30 Old Bailey and 60 Ludgate Hill will replace current 1960s properties with new office accommodation, new restaurant and retail facilities, improved pedestrian links and new public areas.
Demolition is expected to start next month (July) and completion of the scheme is scheduled for December 2013.
The Old Bailey scheme is designed by German architects Sauerbruch Hutton. It will offer 195,000 sq ft of office space across nine levels with floors averaging 22,600 sq ft.
60 Ludgate Hill, located on one of the City of London’s principal routes has been designed by London-based architects Fletcher Priest. It will offer 152,000 sq ft of prime office space and 25,000 sq ft of retail and restaurants, as well as a new pedestrian thoroughfare. It is also nine storeys.
“This is the latest part of our clear plan to deliver over two million sq ft of new space by April 2014,” said Colette O’Shea, Land Securities’ head of development, London portfolio.
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