Work starts on new public park as part of £1.5bn Broadgate investment

A real estate investment trust has announced that it is starting work on a new public park in London.

British Land is progressing with its plans to transform Exchange Square at Broadgate into a new public park for London.

The new Exchange Park, designed by architects DSDHA, will quadruple the amount of green space at Broadgate.

This is part of the £1.5bn investment in Broadgate, which will include new entertainment and leisure facilities for people in the area.

Oliver Sells QC, chairman of the City of London Corporation’s Open Spaces and City Gardens Committee, commented: “London’s green spaces are more important now than ever before and are treasured by residents, workers and visitors alike. We’re pleased to support British Land’s plans for Exchange Square.

“This move aligns with our radical Climate Action Strategy which will make the City of London net zero emissions by 2040 – in part by increasing the amount of green space in the City.”

David Lockyer, head of Broadgate at British Land, said: “Creating better quality, healthier and more sustainable places is now even more important as a result of Covid-19.

“We are already doing this at Broadgate, which has undergone significant transformation into a mixed use destination that appeals to everyone.

“This is a fantastic opportunity to continue to do this, by creating a new park for London at Broadgate that can be enjoyed by all the community.”

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