Rapidly expanding serviced office provider Prospect Business Centres that is owned by property firm Monument Investments has announced a ten year deal to open its first centre in the capital.
The company already operates two centres in Leeds and is also in extended negotiations to open centres elsewhere in the UK.
The company’s first London centre will open in January 2012 at Becket house, Old Jewry, EC2, adjacent to Bank tube station in the heart of the financial district, and will provide 20,000 sq ft of high quality serviced office accommodation for up to 200 staff. The flexible office units will range in size accommodating from two to 200 desks.
“In the current economy it makes sense to focus on the most active and buoyant markets and locations and deliver the best product under a strong brand rather than targeting the slower growing provincial markets.”
“We have a proven product and business model, and by looking at the most vibrant cities, investing in first rate centres and giving the best service we will continue to carry on attracting the best tenants. This has now led us to looking into opening centres in Europe’s other financial districts as well as London.”
Prospect Business Centres has expanded in recent years opening brand new centres all with first rate IT, telecoms and support facilities, and aim to offer a higher specification and service proposition than many competitors.
“Our tenants like our independent business attitude, the amount we are investing in the buildings and the specification of everything from IT and telecoms to the latest green air conditioning systems and waste recycling. As a result our levels of occupancy in our existing units are consistently above 90 per cent, and we expect our new London centre to perform just as well,” said Prospect Business Centres managing director Charlie Cudworth.
The shift in corporate property requirements from longer term to short and medium term over the past three years, plus the increase in high quality central commercial property, has buoyed the serviced office sector and is the springboard for Prospect Business Centres’ continued expansion.
“We have moved from an owned outright model to a leasehold one to make sure we can take advantage of our momentum in the market, as well as enabling us to work more collaboratively with landlords who are sitting on great but empty office buildings,” said Monument Investments managing director Warren Hill.
“We are now working on numerous opportunities in other European cities, and expect to be able to announce more progress imminently,” he added.
Prospect Business Centres typically operate centres of between 15,000 and 30,000 sq ft, in city centre locations and in recently built or extensively refurbished premises.
For more information contact Paul Snape at Appeal PR on 01423 56 99 99 or email email@example.com