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Goldman Sachs Asset Management and Greycoat Acquire 20 Finsbury Dials in the City of London

23 January 2024 | 2 minute read
On 14th December, 2023, Goldman Sachs Asset Management together with Greycoat announced the closing of the acquisition of 20 Finsbury Dials, a 6-storey, ca. 140,000 square feet office building in the City of London, north of Moorgate underground station.

20 Finsbury Dials sits on a 0.75-acre site and has floorplates of around 19,000 square feet. It comprises lower ground, ground and six upper floors, with ceiling heights between 9 and 10 feet.

Following the acquisition, a comprehensive ‘brown to green’ refurbishment will be undertaken, looking to deliver a high-quality, sustainable office space in a prime location. With ESG at the forefront of the building design and development, 20 Finsbury Dials is aiming to limit upfront and whole-life embodied carbon emissions, as well as aiming to achieve CRREM alignment, BREEAM Outstanding, EPC A and WELL Platinum.

Chris Semones, a Managing Director in the Real Estate Business within Goldman Sachs Asset Management, said: “We are thrilled to partner once again with Greycoat on 20 Finsbury Dials. The investment fits into the ongoing trend of transitioning offices from ‘brown to green’ and aligns with our belief that high-quality and sustainable office buildings in London will continue to enjoy strong demand. We believe the project will prove attractive to ESG focused occupiers and investors alike.   

About Real Estate at Goldman Sachs Asset Management   

Goldman Sachs Asset Management delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals, overseeing more than $2.5 trillion in assets under supervision as of December 31, 2023.   

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.   

Goldman Sachs Asset Management is one of the largest managers of private capital globally and invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure and sustainability.   

Established in 1991, Real Estate at Goldman Sachs Asset Management is one of the leading investors in real estate with over $60 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic and credit. The global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity.   

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