Founded in 1952, Waterman Group focuses on delivering low-carbon design and advisory services across the built environment, with key disciplines including building services, civil, structural, transportation, and environmental consultancy. The business will occupy 14,004 sq ft on a 15-year lease at TIDE Bankside, the best-in-class office development in central London’s South Bank district.

Managed on behalf of Barings’ second European real estate value-add fund (BREEVA II), TIDE comprises 11 upper floors, offering approximately 145,000 sq ft of high-quality office space alongside a ground-floor retail unit. Having been completed in Q4 2024, current occupiers include design, refurbishment and fit-out company Workplaces Futures Group, global travel and advisory business Flight Centre, flexible workspace provider NewFlex, and healthcare communications consultancy Costello Medical.

A finalist in the 2025 British Council for Offices Awards, the development provides more than 13,000 sq ft of private and shared green spaces alongside features such as openable windows, 284 bicycle parking spaces and a dedicated bike maintenance centre, as well as 28 showers. Designed by award-winning architects Squire & Partners, the building is certified net zero carbon for embodied carbon and is targeting net zero certification in operational carbon. It has so far achieved a BRE Design Reviewed NABERS 5 Star rating and an EPC A rating, and is pending BREEAM Outstanding certification, placing it in the top one per cent of the UK’s most sustainable buildings. It exceeds LETI 2025 upfront embodied carbon targets, is WELL Platinum Design-enabled, has achieved WiredScore Platinum, and is targeting SmartScore Platinum.

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

Ian Mayhew, Head of Real Estate Equity Asset Management – Europe at Barings, said: “TIDE Bankside sets the standard for what an office development should offer, and the depth of interest in it from occupiers vindicates Barings’ conviction in the strength of best-in-class, highly sustainable, prime office assets. Following completion towards the end of last year, the momentum we’re seeing from occupiers who can now experience the exceptional quality of the development for themselves is very pleasing.”

Nick Crawford, CEO of LBS Properties Ltd, said: "From design and development to operation, together with Barings we have prioritised providing an excellent occupier experience, positive social impact and market-leading environmental sustainability, which has resulted in this truly best-in-class development.” 

Neil Humphrey, CEO of Waterman Group, said: “The quality of TIDE Bankside was evident from the first moment we visited the scheme which, combined with Barings and LBS’ reputations in the market, fully persuaded us that it would be an excellent headquarters for our team. TIDE’s focus on sustainability and community were key draws in making a decision, as well as the high calibre of our new neighbours both in the building and in the buzzing South Bank district.”

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 US$456+ 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.

*Assets under management as of June 30, 2025