One floor remaining at Novella, WC1

Following the recent letting of the 3rd floor, we have one floor remaining at the newly refurbished Novella, Clerkenwell.

We have 1,433 sq ft plug-and-play quality office space available.

The refurbished workspace is can accommodate 14-22 workstations and is available as fully managed or traditional leased offices.

Highlights include:

* Fibre connectivity
* Manned reception
* Private courtyard
* Lockers and bike racks
* New WCs and shower facilities

To arrange a viewing and for further details do get in touch with our joint agents Situu and Stage RE.

Topping out ceremony marks major milestone at net zero carbon TIDE building in Southwark

Barings and LBS Properties’ TIDE Bankside has reached a major project milestone, with the completion of the mixed-use development’s main structure.

The joint venture partners and Kier Construction hosted a topping out ceremony at the Park Street, Southwark site today to mark the occasion.

Designed by award-winning architects Squire & Partners, TIDE will be a net zero carbon development, has received a NABERS design reviewed target rating of 5* and is targeting a certification of BREEAM Outstanding. It is set to surpass the current LETI best practice target for embodied carbon by more than 10%.

Ian Mayhew, Managing Director, UK Asset Management, Real Estate at Barings, said: “This is an exciting milestone in the delivery of TIDE Bankside. We acquired this office in the summer of 2021 because we recognised how changing tenant requirements would create a fresh wave of demand for well-located, sustainable and beautifully designed office buildings. Set to open in Autumn 2024, we have that same confidence and look forward to the next phase of development for TIDE.”

Nick Crawford, CEO of LBS Properties, said: “It is exciting to see the architectural vision of Squire and Partners come to fruition as we reach this important project milestone. When it completes next year, we believe TIDE will set the benchmark for the next generation of Central London office development. In addition to its market leading sustainability credentials and extensive internal and external amenity, we also hope its inspiring architecture will capture the imagination of our future occupiers.”

Gus Wright, regional director for Kier Construction London & Southern said: “We are proud to reach this significant milestone at TIDE, and today’s event was a fantastic opportunity to celebrate the hard work and collaboration that goes into delivering such an impressive building. This project, which utilises our expertise of delivering large scale sustainable commercial developments on tight inner-city sites, has been constructed to meet the highest sustainable building standards, and will prove to be an important asset for the local community.”

The new 12-storey, 145,000 sq. ft building, costing approximately £69m to construct, will provide a mixture of office space, affordable workspace and retail space and is situated near Shakespeare’s Globe Theatre and the Tate Modern in London’s Bankside area, next to the River Thames.

Designed to have a positive impact on its occupants’ health and wellbeing, the building uses efficient design solutions both to improve its sustainability and to enhance user experience for those working there. These include light, airy spaces with openable windows, green landscaping on the roof, over 13,000 sq ft of external spaces, and panoramic views across the city.

The professional team include Squire & Partners, Heyne Tillett Steel, Hoare Lea and Gardiner & Theobald. The building is marketed by leasing agents Cushman & Wakefield, RX London and USP.

Nick Ball Promoted

We are pleased to announce Nicholas Ball has been promoted to Development Director.

Nick Crawford comments: Nick is a valued member of the LBS team who has demonstrated his development expertise over several years with LBS. Nick is currently overseeing our TIDE.Bankside development and 25 Moorgate re-development, two Net Zero Carbon office projects which are both great examples of how LBS is driving new standards in office development in Central London.

Please join us in congratulating Nick.

We are going to MIPIM

We are going to MIPIM from 14-17 March and look forward to meeting new and existing colleagues.

If you would like to arrange a meeting with Nick Crawford, Mark Tizzard, Nick Ball and William Mundan please do get in touch with Charlotte Boorman to arrange a date and time.

Charlotte can be contacted via email charlotte.boorman@lbsp.co.uk

Refinancing of 107 Gray’s Inn Road

We are pleased to announce the refinancing of 107 Gray’s Inn Road with a £6.85m loan facility from joint lenders ASK Partners and OakNorth.

Thank you to the teams at Brotherton for arranging the loan and Wedlake Bell for acting on legal matters.

The 11,015 sq ft office is located within walking distance of various transport hubs including Farringdon, King’s Cross and Holborn, and is majority let to Tetra Tech.

The 3rd (2,500 sq ft) and 4th (1,443 sq ft) floors are available in fitted condition allowing occupiers to ‘plug and play’, with flexible leasing options including managed and direct lettings.

For more details, please contact our leasing agents Allsop, Ashwell London and Situu.

HKR Hoxton wins “Mixed-Use” award at NLA Awards.

We are very pleased HKR Hoxton won the “Mixed-Use” award at the New London Architecture Awards.

Well done to architects Hawkins\Brown. Extended thanks to Atelier Ten, Heyne Tillett Steel, DP9 Limited, Sandy Brown and GIA.

Great effort by all involved in HKR Hoxton.