Barings and joint venture partner LBS Properties have let circa 14,000 sq ft to Flight Centre at their TIDE Bankside office development in London.
The global travel agency, which has taken the seventh floor on a 10-year term, is consolidating its existing Holborn and Southwark offices into one space.
Designed by Squire & Partners, TIDE comprises 11 upper floors providing approximately 145,000 sq ft of office space, along with a ground floor retail unit.
Approximately 60,000 sq ft has now been let at TIDE, which will increase to more than 80,000 sq ft on completion of transactions currently under offer.
Ian Mayhew, head of real estate equity asset management – Europe at Barings, said: “We are delighted to attract another tenant to TIDE, which is setting the standard for central London offices. Alongside its excellent location in London’s thriving Southwark neighbourhood, TIDE boasts exemplar social and environmental sustainability features that have consistently been core to attracting the high calibre of occupiers we’ve so far agreed lettings with. We aim to continue this momentum and finalise further lettings in the coming months given the strong interest from occupiers seeking to take space in the building.”
Nick Crawford, CEO of LBS Properties, added: “The addition of Flight Centre to TIDE’s occupier mix, following the recent NewFlex letting and last year’s pre-let to Costello Medical, showcases the strength of the asset in TIDE Bankside and the compelling occupier market for truly best-in-class, ultra-sustainable, well-located office developments.”
Steve Norris, Flight Centre Travel Group managing director, EMEA, said: “Our people are our number one asset and Flight Centre Travel Group has a rich history in delivering an excellent culture of collaboration and fun in the workplace. We’re proud to be amalgamating three of our offices into TIDE – bringing together more of our people in a high-class environment, and in such a great location, that will foster an even more close-knit family than we have now.
“The office will have teams from FCM Travel, Corporate Traveller, Flight Centre Brand, Scott Dunn, and a number of our support staff. We’re excited for the next London chapter in our 40-year journey of opening up the world for those who want to see.”
Cushman & Wakefield, RX London and USP are joint letting agents on the building.
