The Financial Times has reported that companies choosing to occupy the office and retail scheme, One New Change, could be asked to pay for the area's own dedicated police force. A year-long trial of the initiative elsewhere in London showed that many tenants are happy to pay for tighter security. Provided by the City of London police, it is hoped that the five-strong unit will offer additional protection against a number of risks, including terrorism.
With hopes that the development (set to open this Autumn) will become the next hot shopping destination, the move could be welcomed by retailers and office occupants alike. Not everyone will be happy about this development though; security companies could lose big contracts to the public sector, as the police force thinks of more innovative ways to raise revenue in these times of public sector spending cuts.
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