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Land Securities update on demolition at Moorfields

24 March 2017 09:30

Land Securities has confirmed that, in line with previous market guidance, it would shortly complete demolition of the existing buildings at 21 Moorfields, London EC2.

It said this would be followed by piling and construction of an above station raft in accordance with a consented scheme.

It said construction of the raft was due to be completed by June 2018.

Land Securities also said that it was in discussions with Deutsche Bank regarding a pre-let for the development which would require alterations to the design of the building above ground.

It said these negotiations would take several months and there was no guarantee they would lead to a transaction.

At 9:30am: (LON:LAND) Land Securities Group Plc share price was -5p at 1048p

Story provided by StockMarketWire.com

Related Company: LAND

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