A joint venture between two Japanese investment firms has bought a stake in one of London’s largest new office buildings. 
Sotetsu Urban Creates Company and Yasuda Real Estate Company purchased a 20% stake in 21 Moorfields in the City from Lendlease, marking the JV’s UK debut and the third significant deal in a week by Japanese firms in UK real estate. 
The 565K SF building was completed in early 2024. It is the UK HQ of Deutsche Bank, which has a 25-year lease.
Lendlease bought the building along with investment partners in 2022 from Landsec for £809M — a price that would value the…