21 Moorfields

21 Moorfields comprises a 1.9 acre site located at the western entrance to Liverpool Street Crossrail station, with potential for an office development of over 500,000 sq ft.

On behalf of Land Securities, the UK’s largest REIT, Capital Real Estate Partners:

• Advised on the commercial terms of the headlease and development agreement from the freeholder, Transport for London (TFL).
• Negotiated the option for TFL to co-invest in the proposal and the development overage arrangements required by TFL.
• Advised on the commercial elements of the conditions in the proposed planning permission from the City of London.
• Advised on the commercial elements of the transaction to pre-let the scheme to Deutsche Bank for their new European headquarters.
• Advised on aspects of the eventual sale to an overseas investor.