Land Securities signs a trio of lettings at New Ludgate scheme

Kasmira Jefford
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New Ludgate is located near St Paul’s Cathedral and City Thameslink station
LAND Securities has sealed a trio of lettings at New Ludgate, including the Commonwealth Bank of Aus­tralia, taking the new office scheme on the fringes of the City to 92 per cent let.

The bank will move its European headquarters to 44,000 square feet on the first and second floors at One New Ludgate on a 15-year lease, Land Securities announced yesterday.

It has also struck a deal with law firm Ropes & Gray, which will take a further 13,000 sq ft after signing a 20-year lease for 45,000 sq ft last year.

Global sales and marketing consultancy ZS Associates has also signed up for 13,000 sq ft on the eighth floor of the building.

New Ludgate is made up of two buildings, One and Two New Ludgate, which completed in April.

The scheme comprises 355,000 sq ft of office space and 26,000 sq ft of shops and restaurant space, including contemporary Italian restaurant Obica, Parisian lunch outlet Cojean, Burger & Lobster, Jamie’s Italian and Association Coffee. Two New Ludgate was pre-let in its entirety last year to Japanese bank Mizuho.

“New Ludgate is a great place for these three companies to do business. We look forward to welcoming them all to the building when they start moving in later this year,” Land Securities’ Kaela Fenn-Smith, said.