Land Securities Group Plc (LAND), the U.K.’s largest real estate investment trust by value, may buy an option over a development above London’s Moorgate Tube station, the Sunday Times reported, citing unidentified people.

The company may pay “tens of millions of pounds,” to secure the deal on the site, which is called 21 Moorfields, the newspaper reported.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net