Commercial space at HKR Hoxton now 60% occupied

LBS Properties is pleased to announce that the commercial space at HKR Hoxton is now 60% occupied with Unit B buzzing as an open plan collaborative workspace, leased to a leading internet technology company.

Thirdway recently completed the fit out of Unit A providing 3,695 sq ft of plug and play space ready for immediate occupation.

Get in touch with Compton and Allsop LLP to view the last remaining unit.

LBS Properties and Baumont Real Estate Capital Limited acquire 95 New Cavendish Street, Fitzrovia

LBS Properties is pleased to announce the acquisition of 95 New Cavendish Street, a freehold office building in the heart of Fitzrovia which was purchased in October 2021 in partnership with BauMont Real Estate Capital Limited.

Selling agent: RX London
Acquisition agent: Savills

Stiff + Trevillion Architects | Heyne Tillett Steel | Hoare Lea | Norman Rourke Pryme

Cat A fit out complete on 3rd & 4th floors at 107 Grays Inn Road

LBS Properties is pleased to announce the Cat A+ fit out of the 3rd & 4th floors at 107 Grays Inn Road in Bloomsbury has now completed, offering plug and play space of 2,523 sq ft on the 3rd floor, and 1,533 sq ft on the 4th floor.

Contact Allsop LLP and Ashwell London for further details on the last two available floors.

Three new occupiers signed in 3 weeks at Verse Building, Old Street

LBS Properties is pleased to announce that we have signed up 3 new occupiers in the last 3 weeks at Verse Building, located in London’s Tech City, just a stone’s throw from Old Street Roundabout.

Thirdway is also busy fitting out the 4th floor, providing 2,111 sq ft of plug and play space ready for occupation in May 2022.

Get in touch with Compton and Ashwell London for further information.

O’Keefe Group completes demolition of existing buildings at 135 Park Street

LBS Properties in partnership with Barings Real Estate is pleased to confirm that demolition contractor O’Keefe Group has completed the demolition of the existing buildings and removal of all foundations.

135 Park Street, located in the heart of Southbank, will set a new benchmark for the London office market, with the occupier at the centre of every decision from conception to completion. Watch this space for more information…

Agents: Cushman & Wakefield | RX London | Union Street Partners

Squire and Partners | Gardiner & Theobald LLP | Heyne Tillett Steel | Hoare Lea

Cain International agrees £109 million development loan for green Southbank office with Barings and LBS Properties

London, England, 7th September 2021 Cain International, the privately held investment firm led by Jonathan Goldstein, has agreed a 109 million development loan with Barings and LBS Properties for the delivery of a 146 334 sq ft environmentally friendly office development at 135 Park Street in London’s Southbank.

Located next to the Tate Modern and Shakespeare’s Globe, Barings and LBS Properties have planning consent for the demolition of the existing buildings and subsequent development of 146 334 sq ft of Grade A office space, arranged over 11 upper floors, as well as ancillary retail the joint venture partners are highly focused on the ESG credentials of the completed building and are targeting a minimum of BREEAM with aspirations to achieve “Net Zero Carbon”.

The forthcoming office development has been designed by world renowned architects Squire Partners, with 90% of the floor space designated for traditional office use and the remaining space is to be used as affordable workspace. Demolition work is due to commence in Q3 2021.

“We believe that offices which place an emphasis on sustainability like 135 Park Street are extremely important and will play a critical role in the future success of leading organisations and cities,” said Matteo Milan, Principal at Cain International. We are pleased to be working with such highly regarded sponsors to support the delivery of a new standard of sustainable office space in London. There is no doubt that the asset class is integral for inclusion, diversity and innovation initiatives, as well as developing and fostering both talent and corporate culture.

Darren Hutchinson, Head of UK Real Estate Transactions and Managing Director at Barings, said: “We acquired this development project having recognized the attractive fundamentals of the local market, the lack of Grade A office space available and the unique opportunity it offered to create a new breed of sustainable work space in a sought after location. This development loan from Cain will allow us to realize our strategy and ambition for this site to its full potential and we look forward to working with Cain and LBS in the months ahead.

Nick Crawford, Managing Director of LBS Properties Ltd, commented: “We are delighted to have secured financing from Cain International to support the delivery of this best in class, highly sustainable office building of scale in one of London’s most attractive submarkets. The development will set the benchmark as a forward looking office building, fit for a fast evolving market, with tenant experience our priority from day one, a vision we feel the team at Cain shares completely JLL advised Barings and LBS Properties on the financing, led by Senior Director Edward Daubeney and Director Andrew Hornblower, supported by Senior Analyst Bart Smith and Analyst Tarun Mehta.