Barings and joint venture partner LBS Properties have let 14,004 sq ft at the TIDE Bankside office scheme on London’s South Bank to Waterman Group.
The engineering and environmental consultancy will occupy the sixth floor of the building on a 15-year lease.
TIDE comprises 11 upper floors offering approximately 145,000 sq ft of office space in addition to a ground floor retail unit.
Designed by Squire & Partners, the building is certified net zero carbon for embodied carbon and is targeting net zero certification in operational carbon. It has achieved a BRE Design Reviewed NABERS 5* rating and an EPC A rating and is pending BREEAM Outstanding certification.
Ian Mayhew, head of real estate equity asset management – Europe at Barings, said: “TIDE Bankside sets the standard for what an office development should offer, and the depth of interest in it from occupiers vindicates Barings’ conviction in the strength of best-in-class, highly sustainable, prime office assets. Following completion towards the end of last year, the momentum we’re seeing from occupiers who can now experience the exceptional quality of the development for themselves is very pleasing.”
Nick Crawford, CEO of LBS Properties, added: “From design and development to operation, together with Barings we have prioritised providing an excellent occupier experience, positive social impact and market-leading environmental sustainability, which has resulted in this truly best-in-class development.”
Neil Humphrey, CEO of Waterman Group, said: “The quality of TIDE Bankside was evident from the first moment we visited the scheme which, combined with Barings and LBS’ reputations in the market, fully persuaded us that it would be an excellent headquarters for our team. TIDE’s focus on sustainability and community were key draws in making a decision, as well as the high calibre of our new neighbours both in the building and in the buzzing South Bank district.”
Cushman & Wakefield, RX London and USP are joint letting agents at TIDE. CBRE advised Waterman Group.
