Sun Venture acquires 120 Moorgate in the City of London

Sun Venture has purchased 120 Moorgate, a freehold property, situated in a strategic position in the heart of the City of London, for £148 million (€178 million/$200 million).

The newly redeveloped freehold, which includes a striking new façade, comprises 112,875 square feet of class A office accommodation, retail and leisure space, as well as terraces on the second and seventh floors. The offices are let to WeWork. Additionally, Barclays occupies a prominent retail banking unit, and the leisure unit is let to gym operator Third Space.

“We are very pleased to have advised Sun Venture on their third purchase in London, following on from their acquisitions of 1 New Oxford Street and 1 & 2 New Ludgate,” said Felix Rabeneck, director of Central London investment at Savills. “This not only demonstrates their commitment to the central London market but also highlights the compelling aspects of London real estate to global investors."

Ong Jeun Jye, head o