Partner
CarVal Investors, BlackRock
Project value
£215m
Year
2014
Acquired in 2010 in joint venture with BlackRock (formerly MGPA) and CarVal Investors. We fully demolished the existing Moorgate telephone exchange building and redeveloped the site with Moorgate Exchange. The brand-new Grade A building was sold ahead of business plan in September 2014 to Brookfield Office Properties.
The existing planning consent provided compromised space and together with our joint-venture partners, we led the re-design to generate more NIA office space, reduce build cost and provide greater environmental sustainability.
The redundant buildings on the site were fully demolished and after placing a highly competitive design and build contract with a leading European contractor, construction followed immediately.
The development was completed in April 2014.
Moorgate Exchange achieved BREEAM Excellent and LEED Platinum accreditation.
