London Portfolio

With the good progress of lettings on the latest phase of developments, we have moved on to focus on the new generation of schemes to be delivered beyond 2010.

At 20 Fenchurch Street, EC3 we received notification that the Secretary of State has confirmed the grant of planning consent for our proposed tower building. Demolition works are already underway and will complete in March 2009. At that time we will review how we will take the project forward.

We submitted outline planning applications for some 92,900m² of space at Ludgate Hill, EC4 and Fleetbank House, in Salisbury Square, EC4. In August we also submitted a joint planning application with Transport for London for the ‘Victoria Transport Interchange’, an 180,000m² regeneration of the area to the north of Victoria station, to include office, retail, leisure and residential accommodation. The application also sets out our proposals to improve the public realm and address the capacity constraints of the local transport network to create a world class transport interchange.