FORE Partnership has announced that funds managed by KKR have made a majority investment in TBC.London, a 110,000-square-foot development next to Tower Bridge.
The investment was made through KKR’s $2.2 billion second dedicated European real estate fund, KKR Real Estate Partners Europe II, and will fund FORE’s business plan and the delivery of the project, which is expected to complete in first quarter 2024. FORE is committed to move forward with the project without a pre-lease, and works on site are expected to commence imminently.
FORE is transforming an existing 1990s building on the bank of the Thames to create TBC.London, a sustainable and healthy office space in the United Kingdom. The workspace is anticipated to be 100 percent electric and net-zero carbon in operation, with no fossil fuels used in running the property. The project is targeting EPC A, BREEAM Outstanding and WELL Platinum ratings, the highest possible assessments.
FORE is a certified
