Allfunds jumps ship to Southbank
Fintech company Allfunds has signed a lease with Fore Partnership to prelet space at its TBC.London development on the Southbank.
The deal will see the company take around 16,500 sq ft across the building’s sixth and seventh floors at 24 Tower Bridge Road, SE1, with the rent for the lower larger floor being around £97.50 per sq ft and more than £100 per sq ft for the upper floor.
In doing so, the company will leave the West End, where its London office has been based at 2 Fitzroy Place, W1, since 2018.
Fintech company Allfunds has signed a lease with Fore Partnership to prelet space at its TBC.London development on the Southbank.
The deal will see the company take around 16,500 sq ft across the building’s sixth and seventh floors at 24 Tower Bridge Road, SE1, with the rent for the lower larger floor being around £97.50 per sq ft and more than £100 per sq ft for the upper floor.
In doing so, the company will leave the West End, where its London office has been based at 2 Fitzroy Place, W1, since 2018.
The deal is the second signing in the building this year, after software company The Sage Group agreed to prelet the building’s third and fourth floors, totalling circa 30,800 sq ft. The move will see the company move from its current base on the 13th floor of The Shard, which amounts to around 8,487 sq ft.
The news adds to a recent raft of lettings on the riverside front of the Southbank market, such as Lego and PayPal’s lettings at Stanhope’s 76 Southbank, SE1, which total nearly 250,000 sq ft.
Other deals include LBS Properties and Barings’ recently announced deal with travel agency Flight Centre, which is set to take the 14,000 sq ft seventh floor of their Tide Bankside at 4-8 Emerson Street, SE1.
Fit-out company Modus is also under offer to take the top two floors of the 12-storey Tide development, for a blended rent of around £95 per sq ft across the 18,686 sq ft lease.
Agents CBRE and RX London advised Fore on the deal.
