Work to start on major office refurb for fast-growing software firm

Work is set to start on an £800,000 refurbishment of a Nottingham office building which will be home to a fast-growing software supplier.

London & Scottish Property Investment Management, asset manager on behalf of Regional REIT is revamping 30-34 Hounds Gate to provide new offices for ENSEK.

ENSEK is expanding its operations in the city by taking 15,500 sq ft of office space over two floors in 34 Hounds Gate.

The company supplies software to UK energy providers and has been backed by private equity firm LDC since October 2017.

It has more than doubled its revenues in the past two financial years following an increase in contracted recurring software revenue.

The refurbishment work, which is part of a 10-year lease agreement, will include stripping back and refitting the ground and first floors, doubling the size of the reception area, installing new air conditioning and upgrading other communal areas including the toilets.

Work will start in late 2020 and will be completed in early 2021.

Steven Griffiths, head of asset management at London & Scottish, said: “We are excited about starting work on such a comprehensive refurbishment programme. The existing office space will be stripped right back before being modernised and turned into a great place to work.”

Mark Tomlinson of FHP Property Consultants, added: “We have been working with ENSEK for some time to source suitable premises to accommodate their expansion within Nottingham.

“The company has been expanding at a fantastic rate over the last few years and had a requirement to bring two separate office locations under one roof and to build further expansion into their requirements. Such is the lack of available good quality office space in Nottingham City Centre, this property was presented to ENSEK in an off-market deal subject to a full refurbishment.”