Skanska divests 51 Moorgate in London, UK, for about GBP 56 M, about SEK 690 M
Skanska has divested the 51 Moorgate office and retail property to a real estate fund of Deka Immobilien for about GBP 56 M, about SEK 690 M. The transaction will be recorded in the Commercial Property Development stream in the fourth quarter 2019. The transfer is also expected to occur in the fourth quarter 2019.The nine-storey headquarters building that was developed and built by Skanska UK totals approximately 4,300 square meters (46,500 square feet) and combines office and retail space in the City of London. The building is let in its entirety to Skanska UK on a new 15-year lease.