135 Park Street will comprise 148,500 square feet of Grade A accommodation located in London’s South Bank. The building, designed by renowned architects Squire & Partners, will offer 134,000 square feet of office, 13,000 square feet of affordable workspace and 1,500 square feet of retail across lower ground, ground and 11 upper floors with a typical floor plate of 14,000 square feet. The building will also benefit from high quality ‘end of journey’ amenities and a 5,500 square foot communal roof terrace with unparalleled views across London’s skyline. All upper floors, except the first, will benefit from outside space. 135 Park Street will be built to the highest sustainability standards with the target of creating a ‘Net Zero Carbon’ building with a minimum BREEAM rating of ‘Excellent’.
Located in the heart of the ‘Bankside’ village the building will benefit from easy access to strong public transport infrastructure with Blackfriars, London Bridge and Waterloo train stations all within walking distance. The area’s cultural landmarks including the Tate Modern, Shakespeare’s Globe and Borough Market are also located nearby.
135 Park Street was acquired from Lasalle Investment Management in a joint venture with Barings. Barings is one of the world’s largest investment managers with over $380 billion AUM with investments in North America, Europe and Asia Pacific and is a subsidiary of MassMutual.
Development finance was secured from Cain International and leasing will be managed by Cushman & Wakefield, RX London and Union Street Partners.