Loan Size
£109M ($149M)
Sponsor
Barings, MassMutual, ED Group
Asset Class
Office
Size
148,486 sq. ft.
In August 2021, Cain International agreed a £109M development loan with Barings, MassMutual and ED Group for the delivery of a 148,486 sq. ft. sustainable office development at 135 Park Street in London’s Southbank.
Located next to the Tate Modern and Shakespeare’s Globe Theatre, of the 148,486 sq. ft. Grade A office development will be, arranged over 11 upper floors and include 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.
