LaSalle purchased the property from LocatED in October 2022 for £56.58M. The transaction was structured so that the acquisition AfL and fixed-price build contract all happened simultaneously. This ensured the deal could go ahead, even in such an uncertain market.
Principal Place was Shoreditch’s first large floorplate development. It was the catalyst that attracted Amazon, which in turn was the springboard for drawing hundreds of other exciting new occupiers to the area.