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One New Change
June 2011
One New Change
June 2011
Topshop at One New Change
June 2011
K&L Gates at One New Change in the City of London EC4.
13. July 2014
One New Change building in 2014
13. July 2014One New Change is a commercial building in the City of London EC4.
In 2003, Land Securities launched an open architectural competition to find a world-class architect for the development of the prestigious One New Change - and the judging panel, which included Lord Rogers, found him in the award winning architect, Jean Nouvel (64). One of the world's great modernist architects, Nouvel is recognised for his artistic integrity in employing challenging, original architecture for highly sensitive sites.
With One New Change, Nouvel continues to expand architecture's vocabulary. Both merging and contrasting with its surroundings, this world-class landmark is at once responsive to the City's urban environment and whilst different in style and materials, it respects St. Paul's monumental Renaissance presence to create an extraordinary discourse between the two buildings. It also creates a new cultural step linking such icons as the Tate Modern, the Millennium Bridge and St Paul's.
One New Change is also the City of London's largest and newest shopping destination. A dedicated entrance for One New Change office workers leads straight to the heart of London's newest retail and restaurant destination. Brands range from the luxury to the everyday: Hugo Boss to H&M, Guess to M&S. Jamie Oliver has opened a new restaurant concept in Barbecoa, while other options range from EAT to Zizzi.
The development cost is £540m and spans 550,000 sq feet over eight floors, and with this scheme, Land Securities has created the largest consolidated retail and office space in the City.
The City mall on Cheapside with its unique location next to St Paul's will house around 3,000 office workers when fully let as well as offering seven-day retail and leisure further boosting the development's appeal to local workers, residents and tourists. To date already over a third of the office space has been let.
The iconic building with roof terrace, designed by architect Jean Nouvel has stunning views of St Paul's. The modernist development has over 6,000 floor-to-ceiling glass panes flooding the floors with natural light. Even before its opening, One New Change scooped the MIPIM Architectural Review Future Project Award for mixed-use - the first time a UK development has won since 30 St Mary's Axe (The Gherkin) in 2005.
One New Change's 60 stores include Topshop, H&M and Banana Republic which also had their City debut with the new centre. Jamie Oliver's restaurant Barbecoa focuses on the art of barbequing and includes a butchers as part of the establishment. It seats 200 diners, in addition to a 40-seater bar. Gordon Ramsay's as yet unnamed restaurant will occupy 9,800 sq ft, with the main restaurant space on the first floor of the development and an entrance at the south east corner of the building where Bread and Watling Streets meet.
Source: onenewchange.com
One New Change has been shortlisted in the 'Best Project Five Years On' category at next year’s London Planning Awards, which celebrate the capital’s top planning and development projects.
Now in its 14th year, the Awards will be held at City Hall on 27 February 2017.
To find out more please visit www.londonfirstevents.co.uk
At One New Change 87% of the rent is due to be reviewed over the next 2 years, reports Land Securities.
They have already reviewed 60% maintained the office rents achieved at the very peak of the last cycle and the most recent review has increased the passing rent by 7%. The retail reviews have increased the passing rent by 25%.
Source: Land Securities: Half-yearly results for the six months ended 30 September 2016, landsecurities.com
Panmure Gordon has taken 14,800 sq ft of office space and bwin 20,000 sq ft which brings the overall percentage let to 94%.
Source: Land Securities
At One New Change in the City, CBRE Global Investors Ltd, one of the world’s largest real estate investment management firms, has taken circa 25,200 sq ft on a 15 year lease with a break at year 10. The offices at One New Change are now 82% let, with occupiers including K&L Gates, CME Group, SMBC Nikko Capital Markets and Friends Life.
Ocado has opened up a virtual pop-up ‘shop’ at One New Change.
The shop is open between 26th August and 1st September at Unit 23 in One New Change shopping centre by London’s St Paul’s.
The shop will be a printed window display featuring some of the most popular items. Barcodes underneath will let you scan the items and drop them into the basket on the app. Then you simply book a delivery and get on with your day.
New in Buildington!
The development cost £540m and spans 550,000 sq feet over eight floors, and with this scheme, Land Securities has created the largest consolidated retail and office space in the City.
*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.
