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 The central lifts of the shopping centre, pictured in 2011 | |
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| Location | London, United Kingdom |
|---|---|
| Coordinates | 51°30′49″N0°05′45″W / 51.5137°N 0.0958°W /51.5137; -0.0958 |
| Address | 1 New Change |
| Opening date | 28 October 2010; 15 years ago (2010-10-28) |
| Developer | Land Securities |
| Owner | Land Securities |
| Stores and services | 60 |
| Floor area | 220,000 sq ft (20,000 m2) |
| Parking | None |
| Public transit |  St Paul's |
| Website | onenewchange |
One New Change is a major office and retail development in theCity of London.[1] It comprises 560,000 square feet (52,000 m2) of floor space, including 220,000 square feet (20,000 m2) of retail space and 330,000 square feet (31,000 m2) of office space[2] and is the only largeshopping centre in theCity of London, the historic nucleus and modern financial centre of London. It cost £500 million to build and was completed in October 2010.[1]
The complex is located on New Change, a road linkingCannon Street withCheapside, in one of the areas of the City historically associated with retailing and markets. It is close toSt Paul's Cathedral. The nearestLondon Underground stations areSt Paul's andMansion House.
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The development's sensitive location – opposite St Paul's Cathedral – and its modern architecture led to some controversy during its planning and construction, including criticism fromKing Charles III, the then Prince of Wales.[3] Thearchitect wasJean Nouvel and the developer wasLand Securities.[1][2] The new eight-storey, 34 m high centre[4] replaced an 11-storey, 40 m building constructed in the 1950s for the Bank of England, which was demolished in 2007.[5] The complex's distinctive appearance has given it the nickname "thestealth bomber".[1]
One New Change opened its doors to the public at midday on 28 October 2010.[6] The roof terrace, with its restaurant and cafe, was opened on 18 November 2010.[7]
One New Change lies entirely withinBread Street ward. Its name derives from the road running between it and St Paul's, itself a post-War creation, replacing a much older street calledOld Change. It is bounded byCheapside to the north, Bread Street to the east, Watling Street to the south, and New Change to the west. Within the centre, the north–southarcade is called Cheapside Passage and the east–west arcade is New Change Passage.
The shopping centre is located in an area of London's historic nucleus that was widely known for its retail – 'Cheapside' beingOld English for "market-place" – and many of the roads around One New Change are named after the produce once sold in the area, such asPoultry, Honey Lane, Milk Street and Bread Street.
The principal architect for the One New Change development was the French architectJean Nouvel.[8] The development also features high-profile interiors byTom Dixon for the on-site restaurant Barbecoa,[9] which was replaced by Ivy Asia in November 2019.[10]
Sixty shops and restaurants are located in One New Change, including a number of large high-street retailers. A barbecue restaurant and butcher called Barbecoa was a joint-venture byJamie Oliver and Adam Perry-Lang.[7][11] It was replaced by Ivy Asia in November 2019.[12]
The shopping centre is open seven days a week, which is notable as in recent times most shops and restaurants in the City have been closed at the weekends.[13][14] AGordon Ramsay restaurant and bar namedBread Street Kitchen opened at One New Change in September 2011.[15]
The centre is the location of a 40-foot sculpture of a rusty nail by artistGavin Turk, officially unveiled in 2012.[16]The Guardian's art criticJonathan Jones described the sculpture as "modest and humorous", with Turk explaining that he saw it as "a nostalgic thing because I don't think there's a nail in that entire building."[17]
Media related toOne New Change at Wikimedia Commons
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