Tishman Speyer, a leading global developer, owner, operator and investment manager of premier real estate, has announced five new leases totaling over 81,000 sq. ft in the Belvedere SW1 campus at 123 – 151 Buckingham Palace Road, one of Central London’s largest and most prominent mixed-use properties.
The leasing activity reflects growing demand from innovation-led, consumer-facing, and institutional occupiers seeking high-quality space in Victoria, following Tishman Speyer’s early placemaking and repositioning initiatives at the property:
Office leases
- Sierra, the AI customer experience platform co-founded by Bret Taylor and Clay Bavor, has chosen Belvedere SW1 as its new London home, relocating from Euston. The lease represents approximately 41,800 sq. ft on the third floor of Belvedere South.
- The Travel Corporation (TTC), a long-established international travel group founded in 1920 and headquartered in London, will relocate from nearby Victoria. The lease represents over 23,100 sq. ft on the split first floor of Belvedere South.
Retail leases
- Honest Greens delivers healthy, high-quality food at accessible prices, underpinned by a mission to make healthy living a basic right. Honest Greens, already part of Tishman Speyer’s Madrid portfolio, will occupy the campus’s signature corner unit, a critical gateway location that anchors the main entrance with a distinctive culinary destination.
- Westminster City Council will open a showcase for its nearby premium residential developments at the campus, complementing the mixed-use offer and broadening its appeal beyond the commercial occupier base.
- Neko Health is a Swedish health tech company, co-founded in 2018 by Daniel Ek and Hjalmar Nilsonne, focused on redefining preventative healthcare through AI-enabled full-body scanning. Its presence will introduce a highly differentiated, on-site health offering for Belvedere SW1 occupiers and the wider Victoria community.
“We’re delighted to welcome Honest Greens, Neko Health, Sierra, TTC and Westminster Council to a reimagined Belvedere SW1,” said Martin Simonneau, Managing Director and Regional Director for Tishman Speyer UK. “These leases reflect the early momentum behind our repositioning strategy and the strength of Victoria as a dynamic mixed-use destination.”
Belvedere SW1, strategically located at the junction of Belgravia and Victoria, is currently undergoing a comprehensive repositioning focused on enhancing workplace quality, sustainability, and customer amenities across the campus. The repositioning programme includes target refurbishment, upgraded landscaping, and public realm improvements under the new Belvedere SW1 brand identity.
Belvedere SW1 was substantially redeveloped in 2023 with the addition of Belvedere Sky, a striking rooftop office extension. The campus features expansive floorplates and high-quality specifications that are increasingly scarce in the West End. Since acquiring the property in mid-2025, Tishman Speyer has launched a revised brand identity and secured planning consent for an enhanced landscaping scheme designed to improve the arrival experience through placemaking, art curation, and retail activation. One of the campus’s three lobbies will also undergo a refurbishment beginning in June 2026.
Tishman Speyer has been active in London since 1998, investing across multiple asset classes. In 2018, the firm redeveloped Verde, now its UK headquarters, just two hundred metres from the Belvedere SW1 campus. In 2025, the firm delivered Angel Square, a 201,850 sq. ft. Grade-A office building in Islington, underscoring its long-term commitment to shaping London’s most vibrant districts. It also recently acquired 50 Pall Mall, a prime Grade-A office property in the heart of St James’s, one of London’s most prestigious office destinations, where it will undertake a refurbishment to modernize the building with the addition of a roof terrace.