The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Wednesday, 13 November

One in the Eye for Moorfields Development

Land Securities has been quick to issue a statement regarding its 21 Moorfields, London EC2 development with press speculation suggesting Deutsche Bank has made a huge post-Brexit commitment to the property.

The 1974, 516,000sq.ft, 21 Moorfields building is currently under complete re-development and is valued in the £100 million range.

Land Securities statement reads: 'In response to recent press comment regarding the development site at 21 Moorfields, Land Securities confirms, in line with previous market guidance, it will shortly complete demolition of the existing buildings which will be followed by piling and construction of an above station raft in accordance with a consented scheme. Construction of the raft is due to be completed by June 2018.

'Land Securities is also in discussions with Deutsche Bank regarding a pre-let for the development which would require alterations to the design of the building above ground. These negotiations will take several months and there is no guarantee they will lead to a transaction'.

The new building (or two buildings which currently have planning permission) will sit above one entrance to Moorgate Station (which is likely to be re-named Liverpool Street Crossrail).

Land Securities is the UK’s largest listed commercial real estate company. Its £14.5 billion portfolio totals 23.6 million sq.ft and includes some of London’s most desirable office buildings and the UK’s most successful shopping and leisure destinations.

Picture: 21 Moorgate is under demolition/construction - with thanks to Google Maps

Article written by Robin Snow

Share



Related Articles

Reservoir Dogged

GM Moore & Associates (design, planning and historic consultants) have received planning consent for the conversion of a disused reservoir in Maresfield, Sussex to a...

 Read Full Article
Stratford Gets Ring of Confidence

Deutsche Bank’s asset management arm has confirmed it is going ahead with investment of more than £370 million in The International Quarter Confidence in the...

 Read Full Article
Another Spec Build Proves Supply and Demand Imbalance

Partners Group, the global private markets investment manager, is developing a Grade A office building at 80 Fenchurch Street in the City of London on behalf of its...

 Read Full Article
Plans are Coming Full Circle

The £15 million development of Kents Hill Business Park has been proceeding according to plan in Milton Keynes. Following the acquisition of the prime site in...

 Read Full Article
Woolwich Refugees Staying Put & Other Property News

We've got a property digest brimming with stories - including the sad news that Arsenal will not be returning to Woolwich as had been hoped for many...

 Read Full Article
Courthouse Called to Order

The Old Sessions House in Clerkenwell, London, a grand, former courthouse that once had a reputation for dishing out some the harshest sentences in the city, has...

 Read Full Article
A Piece of History Re-opens

The Piece Hall in Halifax, one of the most iconic heritage buildings in Britain, has re-opened its gates following a multi-million-pound transformation. The monumental...

 Read Full Article
Stirling Effort - Now for the Prize

The shortlist for the 2017 RIBA Stirling Prize for the UK’s best new building was announced on Thursday July 20. The six shortlisted buildings will now go...

 Read Full Article
Aero - Feel the Bubbles Melt

Hermes Investment Management has received planning consent for a major refurbishment of the Ascent Buildings in the Farnborough Aerospace Centre. The proposal is an...

 Read Full Article
Windows On The World?

Microsoft’s new German headquarters incorporates enormous panels to resemble gigantic windows opening onto the surrounding landscape, says Andreas Frisch. Opened...

 Read Full Article