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New Deal


Announced

Completed

Lendlease completed the acquisition of 21 Moorfields from Landsec for £809m.

Financials

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Transaction Value£809m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Private

United Kingdom

Majority

Cross Border

Acquisition

Friendly

real estate

Real Estate

Single Bidder

building

Completed

office building

Synopsis

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Lendlease, a property developer, completed the acquisition of 21 Moorfields, a premium 568 sq ft London office, from Landsec, a commercial property development and investment company, for £809m. "21 Moorfields is a fantastic example of Landsec’s development expertise in delivering a high-quality project at one of the most complex construction sites in London. We are particularly proud to have achieved a number of engineering firsts associated with the development of such a significant building which sits directly above both Moorgate Underground Station and the new Crossrail line to Liverpool Street," Marcus Geddes, Landsec Managing Director.

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