November 26, 2025

Barings and LBS Agree Letting to FTSE 100 Consumer Healthcare Firm at TIDE Bankside

Barings, one of the world’s largest diversified real estate investment managers, and its joint venture partner and development manager LBS Properties, have let the fifth floor of TIDE Bankside to Haleon, the FTSE 100 firm, leaving only two remaining floors.

Haleon, the British multinational consumer healthcare business with brands including Sensodyne toothpaste, Panadol painkillers and Centrum vitamins, has signed to take 13,994 sq ft on a lease at the joint venture’s best-in-class office development in London’s popular South Bank neighbourhood. The office space complements Haleon’s existing London office at Triptych Bankside, which is opposite TIDE, and its headquarters in Weybridge, Surrey, and is the result of expansion and the need for further Grade A office space in one of London’s most attractive business districts.

Following shortly after the letting of the eighth floor of TIDE to a leading European intellectual property firm, it brings the space let by the joint venture in 12 months to more than 120,000 sq ft. Haleon joins a growing roster of occupiers including Costello Medical, Flight Centre, Workplace Futures Group, and Waterman Group, complementing the flexible workspace in the building known as Flex @ TIDE and operated by NewFlex.

A finalist in the 2025 British Council for Offices Awards, TIDE Bankside comprises 11 upper floors and approximately 145,000 sq ft of high-quality office space, alongside a ground-floor retail unit. It offers over 13,000 sq ft of private and shared green spaces, openable windows, 284 bicycle parking spaces, a dedicated cycle maintenance centre, and 28 showers. Designed by Squire & Partners, the building has achieved net zero certification for embodied carbon.

It has achieved a BRE Design Reviewed NABERS 5 Star rating, EPC A, and is pending BREEAM Outstanding certification, placing it among the UK’s most sustainable buildings.

Cushman & Wakefield, RX London and USP are the agents for TIDE Bankside.

Ian Mayhew, Head of Equity Asset Management, Europe, at Barings Real Estate, said: “The lettings momentum we’ve achieved on TIDE Bankside is indicative not only of the exceptional quality of the development but of the structural appeal of best-in-class offices in prime locations in cities like London. Our vision for TIDE Bankside, which is now home to entrepreneurs, boutique firms and a global FTSE 100 company, has been brought to life by our specialist asset management team alongside our partners at LBS as a result of our shared conviction in the importance and continued appeal of the very best office schemes.”

Nick Crawford, CEO of LBS Properties, said: “This letting to Haleon – the result of expansion from its existing space – is another sign of strength of London’s prime office market. Developments designed and delivered to the specification and sustainability credentials of TIDE Bankside continue to see robust demand from occupiers.”

For Barings
Ben Monteith/Charlotte Coulson (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 $470+ 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. Learn more at Barings.com.

*As of September 30, 2025

25-5005181