16th Feb 2015 07:15
LONDON (Alliance News) - Land Securities Group PLC on Monday said it has agreed a deal to acquire the leasehold interst on the 21 Moorfields site in London's Liverpool Street for GBP16.5 million.
The site comprises vacated 1970s offices and a Transport for London worksite, Land Securities said, and is located at the western entrance to Liverpool Street's Crossrail station.
The property company entered into a conditional deal to buy the site in December 2012 and has since acted as asset manager on behalf of accountancy EY, which has been acting as administrator for Souzel Properties Ltd since that time. Souzel is the current leasehold owner.
"This is a site with fantastic potential and superb connectivity, located in the heart of the City, adjacent to Moorgate station and the western entrance to Liverpool Street Crossrail station," said Colette O'Shea, managing director of Land Securities' London portfolio.
By Sam Unsted; [email protected]; @SamUAtAlliance
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