NewFlex has leased approximately 32,000 sq. ft of space to deliver NewFlex at TIDE, comprising parts of the lower ground and ground floors, and the entirety of the first and second floors, on a 15-year term. NewFlex at TIDE will offer a range of amenities from meeting rooms to single-desk member workstations and self-contained private offices, along with a Lower Ground Lounge and conference and meeting space that can accommodate over 80 people.

The spaces will be available to book by members of the public, as well as tenants within the building. The world of work has changed and NewFlex at TIDE is emblematic of the changing demands of office occupiers. The letting aligns with Barings’ and LBS’ commitment to social value, with a proportion of the space to be offered at discounted rates to small businesses and start-ups.

TIDE, recently named as a finalist in the 2025 British Council for Offices Awards, consists of 11 upper floors providing approximately 145,000 sq. ft of Grade A office space, along with a ground floor retail unit. Occupiers of the building benefit from access to a wide range of amenities, including a 5,167 sq. ft rooftop communal terrace with panoramic views overlooking the Thames and the City of London, which is part of a total of over 13,000 sq. ft of private and communal green spaces, as well as openable windows, cycle storage for 284 bicycles, 28 showers, and bicycle maintenance centre.

Designed by award winning architects Squire & Partners, TIDE is aiming for the highest environmental standards including net zero in embodied and operational carbon. The development features a BRE Design Reviewed NABERS 5 Star rating, EPC A rating, is BREEAM Outstanding pending, which would put it in the top 1% of the UK’s most sustainable buildings, and will outperform LETI 2025 upfront embodied carbon targets. It is WELL Platinum Design-enabled, has achieved WiredScore Platinum, and is targeting SmartScore Platinum certification.

The asset was acquired by Barings on behalf of its second European real estate value-add fund (BREEVA II).

Cushman & Wakefield, RX London and USP are letting agents on TIDE.

Ian Mayhew, Head of Real Estate Equity Asset Management – Europe at Barings, said: “NewFlex is the ideal operator to launch NewFlex at TIDE with, which will create a sustainable and trusted workplace experience with both private and collaboration space, as well as regular and tailored wellness, social and professional events. From its sustainability credentials to its digital connectivity and design, TIDE is a truly best-in-class office development in central London that, particularly now with the addition of NewFlex at TIDE and its affordable spaces, is especially well-placed to be an incubator of thriving business.”

Nick Crawford, CEO of LBS Properties Ltd, said: “TIDE is a prime example of how environmental and social sustainability are integral to the future of workplaces. The addition of NewFlex to TIDE’s occupier mix, following the pre-let to Costello Medical last year and advanced negotiations on the remaining space, is a testament to the strength of the asset that we have developed alongside Barings and reinforces our conviction in best-in-class offices and Bankside as a prime location.”   

Steve Jude, CEO of NewFlex, said: “Barings and LBS have created a standout model of what the future of the office looks like with TIDE. NewFlex at TIDE will be a space that benefits not only our members, but also other occupiers of the building and the members of the public in Southwark and beyond, making it an inclusive space that brings people together to achieve more through working together and flexibly. Having already secured our first customer for the space, we can tell this will be an exceptionally popular venue for our members as we look to expand our premium and affordable serviced workspace.”

Contacts
Ben Monteith/Tom Carnegie (SEC Newgate)
baringsRE@secnewgate.co.uk 

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers. Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $421+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of December 31, 2024