PayPal has signed for the 40,000 sq ft top floor of the Grade II listed 76 Southbank office scheme adjacent to the National Theatre in London.
The extensive refurbishment and extension of the 300,000 sq ft scheme has been delivered by development manager Stanhope, asset manager LaSalle Investment Management and main contractor Multiplex. Cheyne Capital Real Estate provided the financing for the project.
PayPal will be the building’s first occupier and is due to move into its new space in Q2 2026.
Kevin Darvishi, head of leasing at Stanhope, said: “Practical completion of 76 Southbank and the arrival of PayPal will breathe new life into this brutalist icon. Built for the future, 76 Southbank is accessed from a spectacular triple height reception and provides large floor plates that all benefit from unrivalled views of the Thames, in a thriving part of central London. An occupier of PayPal’s calibre underlines market demand for low-carbon and amenity-rich workspaces.”
Chris Lewis, managing director, international accounts, Europe, at LaSalle Investment Management, added: “The completion of 76 Southbank marks a significant milestone. Its strong location, best-in-class amenities and historical significance position it as a standout commercial property in central London. PayPal’s decision to occupy space here underscores the building’s appeal, and we look forward to welcoming their employees to this exceptional development next year.”
Simon Bladon, PayPal UK CEO, said: “This is an exciting time for PayPal in the UK, and we’re looking forward to welcoming in the next chapter with a brand new home on London’s iconic South Bank.”
CBRE and JLL are joint agents for 76 Southbank. JLL acted for Paypal on the letting.
