The mini-Budget almost killed one of the biggest London office sales of this year, the chief executive of Landsec has revealed.
Landsec announced at the end of September, two days before then chancellor Kwasi Kwarteng stepped up to the despatch box, that it had agreed to sell 21 Moorfields, EC2, to a pair of Australian investors for £809m.
The price for the new Deutsche Bank London HQ raised a few eyebrows, given that Landsec had wanted closer to £900m, with some suggesting a £1bn price tag.
However, Landsec boss Mark Allan has said he was happy with the deal, adding that it would have fallen through altogether had the paperwork waited until after the mini-Budget.
