A partnership of Native Land Limited and Hwa Hong Corporation Limited of Singapore has purchased Pavilion E at NEO Bankside for £5.2 million. Pavilion E is a 5 storey commercial building, located on Southwark Street, close to Tate Modern and adjacent to Native Land’s mixed use NEO Bankside development.
Pavilion E at NEO Bankside consists of 7,300 sq ft spread over 5 storeys, with the ground floor holding consent for A1, A3 and B1 use. Native Land has signed a 15 year lease, moving its operations from Mayfair to the Southbank and intends to sub let two floors.
Alasdair Nicholls, Chief Executive of Native Land, said:
“We are delighted to have completed the purchase of Pavilion E at NEO Bankside, in partnership with Hwa Hong Corporation. The Southbank is a perfect location for Native Land, with its thriving mixed use community and excellent transport to all parts of London. The forthcoming opening of tate Modern’s new extension will further add to the dynamic feel of the Southbank, making this an ideal home for our company.”