Land Securities has announced the acquisition of a 1.9 acre site at 21 Moorfields, two ’70s office buildings and a TfL access site for the Crossrail works that occupy the former home of Lazards. land securites has plans for a 510,000 sq ft office scheme which will sit above the entrance to Moorgate station and the new western entrance of the Liverpool Street Crossrail station. The price for the site is £16.5m and this gives them a 250 year lease. TfL has the right to participate in the development if it chooses with a financial interest of 15%-25% (participating in the development costs if it does so).
Land Securities buys Moorgate station site