Land Securities in Talks With Deutsche Bank to Pre-Let 21 Moorfields
March 24 2017 - 3:49AM
Dow Jones News
By Ian Walker
LONDON--Land Securities Group PLC (LAND.LN) said Friday it is in
talks with Deutsche Bank AG (DB) regarding a pre-let for the
development site at 21 Moorfields, EC2, which is currently being
demolished.
The U.K. commercial real-estate company, said the talks would
require alterations to the design of the building above ground and
negotiations will take several months, cautioning that there is no
guarantee they will lead to a deal.
Land Securities, which has a 14.5 billion pound ($18.1 billion)
portfolio totaling 23.6 million square foot, said the development
site at 21 Moorfields will shortly complete demolition of the
existing buildings.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 24, 2017 03:34 ET (07:34 GMT)
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