When Land Security’s One New Change complex opens this autumn, it will be policed by its own dedicated squad of five officers, paid for by the businesses who lease retail and office space in the development.
The move suggests a new kind of partnership between the police and the private sector, which has generally hired private security staff in the past. However, the benefits have recently been highlighted by groups on both sides of the arrangement.
The One New Change development, situated close to St Paul’s Cathedral, is home to 560,000 square feet of retail, leisure and office space. London police chief Mike Bowron stated that the initiative enabled police to focus on the specific needs of the area, with policing objectives set in partnership with the businesses operating there.
In addition, the arrangement will provide funds for the police force against the backdrop of potentially devastating spending cuts.