Leasing Update: TIDE Bankside Now Over 55% Let Following Latest Office Deal
1 April 2025 – LBS Properties, in joint venture with Barings, has completed a major letting at TIDE Bankside. Workplace Futures Group (WFG) has signed for the top two floors—10th and 11th—totalling 18,686 sq. ft on a 10-year lease.
The move marks another strong vote of confidence in the landmark South Bank development, which is now over 55% let, comprising 80,000 sq ft. WFG (parent company to Ambit, Modus, Mytr, Two and Platfform) delivers design, refurbishment and fit-out services to the commercial office sector. The firm is relocating its headquarters from Victoria, following an extensive three-year search.
This letting follows the recent lease of the 7th floor to global travel firm Flight Centre. Together, the 7th, 10th and 11th floors account for 32,693 sq. ft of newly occupied space. The building is now home to a growing community of high-performing, future-focused businesses.
Delivering London’s most sustainable new office building
Developed by LBS in partnership with Barings—one of the world’s largest diversified real estate investment managers—TIDE Bankside offers 145,000 sq. ft of premium workspace across 11 upper floors, plus a ground-floor retail unit.
Designed by Squire & Partners, the building combines exceptional design, smart building infrastructure and industry-leading sustainability credentials. Highlights include:
- Net Zero Carbon certified
- NABERS 5 Star Design Reviewed
- EPC A rating
- BREEAM Outstanding certification (pending)
- LETI 2025 upfront embodied carbon compliance
- WELL Platinum Design-enabled
- WiredScore Platinum certified
- SmartScore Platinum (targeting)
TIDE has also been named a finalist in the 2025 British Council for Offices Awards.
A focus on experience and wellbeing
Occupiers at TIDE benefit from over 13,000 sq. ft of green space, including a rooftop communal terrace with panoramic views of the Thames and the City. The building includes openable windows throughout, 284 secure cycle spaces, 28 showers and a dedicated cycle maintenance centre.
NewFlex, the building’s flexible workspace offering, has also taken 32,000 sq. ft across multiple floors, further enhancing the community and amenity offer within TIDE.
Strong leasing momentum
Nick Crawford, CEO of LBS Properties, said:
“TIDE continues to attract ambitious occupiers who care about the quality, performance and sustainability of their workspace. WFG’s decision to relocate to the top floors reflects the strength of our product and the momentum we’re building alongside Barings. We look forward to welcoming more leading businesses to the building.”
Ian Mayhew, Head of Real Estate Equity Asset Management – Europe at Barings, added:
“The continued leasing momentum at TIDE is a testament to the building’s exceptional quality and appeal. Businesses are increasingly prioritising best-in-class, sustainable office space in well-connected locations, and TIDE is delivering on that demand. We’re encouraged by the level of interest in the remaining floors and look forward to announcing further lettings soon.”
Dr. Toby Benzecry, Founder and CEO of Workplace Futures Group, said:
“After 31 years in the same building in Victoria, the choice of a new home was a massive decision. Once we found TIDE, we knew it was the one. As a B Corp business, the building’s sustainability credentials were crucial, but it was the quality of the workspace—both indoor and outdoor—that made this the overwhelming favourite of the leadership team. TIDE is a fantastic building in a great location, and we can’t wait to move in.”
Cushman & Wakefield, RX London and USP are appointed leasing agents on TIDE.
TIDE Bankside officially launches
Last week, we officially launched TIDE Bankside, a landmark new office building in London’s Bankside district.
To mark the occasion, we welcomed over 200 of London’s finest leasing and investment agents. Guests were treated to panoramic views of the capital, a walkthrough of the finished space – and the chance to celebrate the delivery of this flagship project.
TIDE is a Net Zero carbon, 12-storey, 145,000 sq. ft office building designed by award-winning architects Squire and Partners.
For more information, contact our agents: Cushman & Wakefield, RX London & USP London
TIDE Bankside is a joint venture between Barings and LBS Properties.
LBS & Barings secure first TIDE Bankside letting
Alongside our joint venture partner Barings, we are proud to have agreed the first pre-letting at the TIDE Bankside development.
Having bought the site with full planning permission in 2021, the JV has agreed a lease spanning the entire third floor of c.13,907 sq ft with Costello Medical. The company, which provides scientific support to the healthcare sector, has signed a 15-year lease.
Costello Medical is expected to take occupancy of its space shortly after the building completes this summer, moving from its existing office on Old Broad Street.
Tide comprises 11 upper floors providing 133,794 sq ft of grade A office space, along with a ground floor retail unit and 11,560 sq ft of affordable workspace on the lower ground, ground and first floors. The Squire & Partners-designed development includes a 5,167 sq ft rooftop communal terrace.
Cushman & Wakefield, RX London and USP are letting agents for Tide.
Nick Crawford, CEO of LBS Properties said: “TIDE’s design, location and market-leading sustainability credentials make it the perfect home for forward-looking businesses seeking to provide the very best in workplace experience for their teams.”
Rose Wickstead, London office lead, Costello Medical, said: “It is so important to us to provide our talented, hard-working teams with a fantastic professional home to foster connection and collaboration.
“As a B corp, Tide’s best-in-class green credentials and the social value it will create were deeply appealing to us. In Barings and LBS, we found real estate partners who understand our needs and we’re looking forward to being part of the Tide community with them and our soon-to-be neighbours in a cutting-edge building in such a brilliant central London location.”