Tishman Speyer Completes 80K SF Leasing Run: The London Deal Sheet
The Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com.
Tishman Speyer has confirmed five new leases totaling more than 81K SF in the Belvedere SW1 office scheme at 123–151 Buckingham Palace Road in Victoria.
Office leases include Sierra, an artificial intelligence customer experience platform, which is relocating from Euston to take 42K SF on the third floor of Belvedere South, and The Travel Corporation, which will relocate from nearby Victoria to take 23K SF on the split first floor of Belvedere South.
Ground-floor retail leases include Honest Greens, Neko Health and Westminster City Council, which will open a showcase for its nearby premium residential developments at the campus.
Belvedere SW1 is undergoing a repositioning focused on enhancing workplace quality, sustainability and customer amenities across the campus.
It was substantially redeveloped in 2023 with the addition of Belvedere Sky, a rooftop office extension. Since acquiring the property in mid-2025 from Gaw Capital, Tishman has launched a revised brand identity and secured planning consent for landscaping, with one of the three lobbies to undergo a refurbishment beginning in June.
DEBT
Brookfield has secured a £325M loan to refinance 30 Fenchurch Street from OCBC and Mashreq. Brookfield was advised by Newmark on the financing.
The 545K SF 30 Fenchurch Street office building is fully occupied and serves as a global hub for insurance, finance, legal and media occupiers. Since acquiring the property in 2021, Brookfield has invested in improving the building's sustainability credentials and energy efficiency, including works transitioning the building away from fossil fuel use.
Newmark's Matthew Featherstone, Matthew Kang, Tushar Gupta and Stevan Spasenovic arranged the financing.
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Real estate lender Leumi UK has provided a £100M revolving credit facility to LNT Care Developments, the UK’s largest care home developer, to support the continued expansion of its nationwide care home portfolio.
The facility represents Leumi UK’s largest healthcare financing to date, with LNT having developed more than 250 sites totaling more than 16,500 beds. With the additional funding, it aims to build a further 15 to 20 care homes over the next three years.
The facility will provide flexible funding across land acquisition, development and investment activity in LNT’s pipeline and will initially support five schemes comprising 330 beds in Wymondham, Norfolk; Bourne, Lincolnshire; Braunton, Devon; Thornbury, Gloucestershire; Hooton, Cheshire; and Newcastle Great Park, Tyne and Wear.
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Investec Bank has provided Barwood with a £19M senior development loan to finance the development and stabilisation of a 233-bed purpose-built student accommodation scheme in Edgbaston, Birmingham.
The 36-month facility supports Barwood in delivering what it describes as a village-style student campus on the former St Chad’s Hospital site, originally constructed in 1808. The scheme will retain and refurbish two Grade II-listed buildings, alongside the construction of three new buildings.
The PBSA scheme is targeting delivery ahead of the 2026-2027 academic year, and the loan has been structured to provide flexibility around an accelerated construction and delivery programme, supporting Barwood through the development phase and into stabilisation.
LEASING
British Land has launched the 120K SF mixed-use Three Deal Porters office building at Canada Water and announced its first letting to Foundervine.
The launch marks the completion of Phase 1 of the 53-acre Canada Water master plan, which now offers a range of workspace, residential, retail, leisure and cultural amenities. Three Deal Porters sits adjacent to Dock Shed, a 180K SF office building designed for larger headquarters occupiers, and follows Paper Yard, a modular science and technology hub.
Foundervine will occupy 3,300 SF of work-ready space on Level 1, becoming the building's first occupier.
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Helical has completed regears and a new letting across six floors at The Bower, totalling circa 60K SF.
Existing occupier Fin has agreed reversionary leases on the eighth and ninth floors of The Warehouse, totalling 17K SF, as well as a new lease on the seventh floor of 12K SF. The firm’s leases now extend to 2037, with a break option in 2032.
Fresha has also regeared its lease of 30K SF across three floors in The Bower, extending the term to 2037 with a break option in 2032. Fresha announced an $80M investment from KKR’s Next Generation Technology Growth Fund, valuing the company at more than $1B.
The letting of the seventh floor of The Warehouse has increased total occupancy at The Bower to 94%, with further space under offer that, once let, will take occupancy to 97%.
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Wolfe Asset Management has announced that flexible workplace provider Fora will operate a total of 46K SF at 76 Southbank, comprising office and amenities space.
Fora will join occupiers Lego and PayPal at 76 Southbank and will provide flexible workspace for small and scalable businesses. Amenities will include a gym, Pilates studio and treatment room. In addition, Fora will create a lounge, café and community-focused event spaces for Fora members and other occupants at 76 Southbank.
The Grade II-listed, 300K SF office building adjacent to the National Theatre has undergone a transformation and an extension, delivered with Stanhope, LaSalle Investment Management and Multiplex.
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Runway East has signed a 15-year partnership lease agreement with Samsung at 200 Aldersgate Street, London EC1A, for more than 35K SF of flexible workspace in the 400K SF building.
The announcement means Runway East is now set to open more than 100K SF of new space in London this year.
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Great Portland Estates has secured 12 new fully managed leasing deals totalling more than 41K SF and delivering £8M of annual rent at an average of £195 per SF.
The latest deals build on recent leasing activity across GPE’s fully managed portfolio, including pre-letting more than 13K SF at Elsley House, W1, ahead of launch and continued strong momentum at City Tower, EC2, the company said.
Looking ahead, GPE is progressing the next phase of its pipeline, including The Courtyard, WC1, and The Howlett, W1, both under construction and due for completion in 2027.
PEOPLE
CBRE has appointed Adam Baranowski as a director, leading its decarbonisation service line and strengthening the firm’s energy and sustainability advisory service.
Baranowski joins CBRE from the Better Buildings Partnership, where he led climate action and investment programmes focused on net-zero carbon and investor engagement across the commercial real estate sector. His experience includes working closely with major real estate owners, managers and occupiers to support portfolio-level decarbonisation.
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Knight Frank has announced that Tim Robinson will succeed Stephen Clifton as UK managing partner in April 2027.
Robinson brings more than 30 years’ experience at Knight Frank and, as head of commercial, has helped deliver record revenue and profits, the company said.
As UK managing partner, Robinson will lead Knight Frank's UK business, overseeing its residential and commercial operations. Stephen Clifton will retire in March 2027 after 27 years with the firm.
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Thor Equities Group has announced the appointment of Ash Evans as managing director of its European data centre platform. Evans will lead the firm’s global expansion across the sourcing and development of data centres, alongside other real estate classes.
Evans joins Thor Equities from Google, where he served as EMEA lead for data centre energy and location strategy. He was responsible for site selection, land acquisition, leasing, cloud strategy, renewable energy initiatives and large-scale infrastructure development across multiple EMEA markets. Prior to Google, he held roles at Atkins and Foster + Partners.
