Hermes Investment Management, the £33.0 billion manager, and Canada Pension Plan Investment Board (CPPIB), have announced that Civica and 1Rebel have taken space at South Bank Central.
Civica will be taking 14,914 sq ft of office accommodation on the eighth floor of South Bank Central’s Vivo building on a 15-year lease, while 1Rebel will be taking a 5,089 sq ft unit on the ground floor, which is home to an array of retail and leisure brands.
In 38 locations across the UK and Ireland, Civica is a market-leading specialist in business critical software applications, digital solutions and managed services that help teams and organisations around the world to transform the way they work. Combining exceptional customer focus, experience and commitment, Civica supplies more than 3,000 major organisations in 10 countries.
1Rebel, which will open its third London offering at South Bank Central, promotes itself as a ‘high intensity, dual studio fitness concept’ and provides its customers with no membership fees and sessions designed to fit into a lunch break. Its other premises are in Broadgate and St Mary’s Axe.
South Bank Central is a joint venture between Hermes Investment Management and CPPIB, who have been in partnership on this asset since 2014 when it was purchased.
Alongside these two new tenants, South Bank Central is home to WeWork, which recently expanded its presence by taking an additional 23,551 sq ft, the Racing Post, DNV GL, Black Sheep Coffee, Waitrose and FluidOne.
Stephen Bradley, Asset Manager at Hermes Investment Management, said: “As the UK’s leading IT-based partner in its chosen markets, Civica is a strong and well-respected brand. Their addition to the tenant mix reaffirms South Bank Central as a destination for businesses from a range of sectors, including the corporate and creative industries that are looking to grow and elevate their profile.
“With 1Rebel joining the diverse tenant mix on offer, it reiterates our commitment to providing a state-of-the-art mixed-use scheme, which is designed to offer occupiers a balanced and healthy environment in order to attract the best talent.”
Union Street Partners, JLL and CBRE acted on behalf of Hermes Investment Management and CPPIB. Ian Culverhouse & Co are Property Advisors to Civica Group and Lyndon Yeomans represented 1Rebel.
