Cain International has agreed a £109 million (€127 million/$150 million) development loan with Barings and LBS Properties for the delivery of a 146,334-square-foot environmentally friendly office development at 135 Park St. 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 square feet of class A office space, arranged over 11 upper floors, as well as ancillary retail.
The forthcoming office development has been designed by world-renowned architects Squire & Partners, with 90 percent of the floor space designated for traditional office use. The remaining space is to be used as affordable workspace. Demolition work is due to commence in third quarter 2021.
“We believe that offices which place an emphasis on sustainability like 135 Park Street are extremely important and will play a critical r
