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Completed

Sun Venture completed the acquisition of 120 Moorgate from WeWork Capital Advisor for £148m.

Financials

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Transaction Value£148m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Private

Friendly

Completed

Single Bidder

Cross Border

Real Estate Holding and Development

United States

commercial real estate

Acquisition

Majority

Real Estate

Synopsis

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Sun Venture, a multi-asset investment firm, completed the acquisition of 120 Moorgate, a freehold property, situated in a strategic position in the heart of the City of London, from WeWork Capital Advisors, a global real estate investment company, for £148m. “We are pleased with our latest acquisition. 120 Moorgate is a striking, best-in-class asset strategically positioned to benefit from the opening of the Elizabeth Line. Our third acquisition in Central London brings our total London portfolio close to £900m and underscores our confidence in the market. It also reaffirms our strategy as a firm to expand our presence overseas,” Ong Jeun Jye, Sun Venture Head of Real Estate.

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