Thursday February 20, 2020

Moritz offloads London office block for €234 million

Property developer Michael Whelan's firm, Moritz Holdings, has offloaded a London office block for £202 million (€234 million).

13th July, 2013

Property developer Michael Whelan's firm, Moritz Holdings, has offloaded a London office block for £202 million (€234 million).

According to reports from London, British firm Legal & General has agreed an off-market deal with the Moritz Group to buy 70 Gracechurch Street in London. Last March, a deal to sell the building to Kuwaiti government real estate fund St Martin's Property for £210 million collapsed.

The total rent roll on the building is more than £10.7...

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