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Ashby Is The Latest To Pick Up Landsec London Office Development

Barchart·12/23/2025 03:38:03
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Peter Ferrari’s Ashby Capital is close to completing a deal to buy the 55 Old Broad Street development project from Landsec. With a funding deal agreed between Landsec and Ashby, demolition work on the existing building at the site is set to begin in January, Building reported. The redevelopment of 55 Old Broad Street will create a new 23-storey, 360K SF office tower, with the end value estimated at around £600M. Skanska has been appointed main contractor on the project.  Landsec has been selling off its London office development portfolio, having decided it can make better returns in the shopping centre market. Earlier...