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Landsec and Lendlease exchange contracts on 21 Moorfields for £809m

Landsec has exchanged contracts for the sale of 21 Moorfields, EC2 to an investment vehicle managed by Lendlease. The total consideration for the sale amounts to £809m, which, after outstanding development-related items results in a net cash receipt to Landsec of £733m. Rothesay is providing financing for…

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