In September 2021, Cain International 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 Theatre, 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 ‘Excellent’, 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. The remaining space is to be used as affordable workspace.