Digital campus makes space for flexible office provider

Flexible workspace provider Spaces is the latest tenant to sign up to Acero, the new Grade A office development at Sheffield Digital Campus.

Scarborough International Properties and its joint venture partner Metro Holdings of Singapore have let 26,290 sq ft on the ground and fifth floors to Spaces on a 20 year lease.

The firm joins Simcyp, which has recently taken the second floor in the building.

Acero is the latest addition to the Sheffield DC development and has been privately funded in a 50:50 joint venture between SIPL and Metro.

Colloco, CPP and Knight Frank acted for SIPL, Spaces were unrepresented.

Paul Holcroft of Scarborough International Properties, said: “We are delighted to welcome this new Spaces concept to Acero. We believe the building provides the kind of collaborative, creative and flexible workspace options that ‘Spaces’ offers. Spaces will offer local businesses seeking smaller workspaces or more flexible terms the opportunity to be part of Acero’s growing business community.

“With interest continuing to build in the last few remaining suites, we look forward to announcing further deals soon.”

Richard Morris, UK CEO of Spaces, said: “Demand for flexible office space is growing rapidly – our research shows that 53% of professionals globally now work remotely for at least half their working week and 30% of corporate real estate portfolios could be flexible workspace by 2030. People are recognising that they are far more productive and successful in a dynamic working environment, where they are surrounded by like-minded people. Spaces is helping to supply this demand and drive a workspace revolution in Britain.”