Barings and its joint venture partner LBS Properties have let the 13,994 sq ft fifth floor of the TIDE Bankside development on London’s South Bank to consumer healthcare business Haleon.
The office space complements Haleon’s existing London office at Triptych Bankside, which is located opposite TIDE. The deal brings the space let by the joint venture partners to more than 120,000 sq ft in the past 12 months, with just two floors now available to let in the building.
Ian Mayhew, head of equity asset management, Europe, at Barings Real Estate, said: “The lettings momentum we’ve achieved on TIDE Bankside is indicative not only of the exceptional quality of the development but of the structural appeal of best-in-class offices in prime locations in cities like London. Our vision for TIDE Bankside, which is now home to entrepreneurs, boutique firms and a global FTSE 100 company, has been brought to life by our specialist asset management team alongside our partners at LBS as a result of our shared conviction in the importance and continued appeal of the very best office schemes.”
Nick Crawford, CEO of LBS Properties, added: “This letting to Haleon – the result of expansion from its existing space – is another sign of strength of London’s prime office market. Developments designed and delivered to the specification and sustainability credentials of TIDE Bankside continue to see robust demand from occupiers.”
Cushman & Wakefield, RX London and USP are the agents for TIDE Bankside.
