Deutsche Bank in discussions with Land Securities to pre-let 21 Moorfields in London

Deutsche Bank is in discussions to pre-let Land Securities’ 21 Moorfields for its new City of London headquarters.

Land Securities statement :

“In response to recent press comment regarding its development site at 21 Moorfields, EC2, 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.”

Land Securities is the UK’s largest listed commercial real estate company. Our £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.

Source: Land Securities

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