Blackrock Europe Property Fund III and CarVal Investors, in partnership with Quadrant Estates, have sold Moorgate Exchange to Brookfield Property Partners for £211m.
Source: Quadrant Estates www.quadrantestates.com
Skanska has completed Moorgate Exchange for clients BlackRock and CarVal Investors in conjunction with Quadrant Estates.
Covering 12 storeys, the 20,204sqm office building, is located next to Moorgate Station. It features six landscaped roof terraces and a green roof with spectacular views of London.
The new development is one of the first in the UK to achieve both BREEAM Excellent and LEED Platinum. These two systems, which measure how green a building is, are expected to award the building high scores for its low impact on the environment.
Materials with sustainable properties, such as recycled aggregates in the concrete, were used in the construction process. Recycled rainwater and grey water storage systems have been installed to reduce the amount of potable water used in the toilets and the irrigation system for the ‘living’ walls on the terraces.
Skanska Managing Director, Paul Heather, believes this building, with its excellent green credentials, provides premium office space in the heart of the City. He said: “By using technologies such as LED lighting, low-energy fan coil units and highly efficient chillers and boilers to create this building, we have ensured that tenants will enjoy low energy consumption and reduced running costs.
“The development is a notable addition to our portfolio of high-quality offices in the City, which includes 30 St Mary Axe (the Gherkin), Heron Tower and 6 Bevis Marks, as well as buildings soon to be completed, such as Aldermanbury Square and 100 Cheapside.”
Alongside Skanska, the project team included HKR Architects, client monitoring architects Pringle Brandon Perkins+Will, building services engineer, energy and sustainability consultant Hilson Moran , structural engineer Ramboll, project manager GVA Second London Wall, quantity surveyor Gardiner and Theobald and landscape architect Hyland Edgar Driver.
To deliver this project, Skanska put together a specialist in-house team, combining its skills in design, construction, mechanical and electrical engineering and ceiling installation.
Source: Skanska www.skanska.co.uk 20. June 2014