Derby serviced office provider reveals major expansion into Birmingham
Co-working and flexible office provider, Cubo, is taking 24,000 sq ft at Two Chamberlain Square in MEPC’s landmark Paradise scheme in Birmingham.
Cubo has taken a 12.5 year lease for the whole of the fourth floor of Two Chamberlain Square.
The deal means Cubo now has a presence in five cities: Birmingham, Derby, Nottingham, Leeds and Sheffield just two years after it was officially launched.
The firm says it has already registered interest in over 50% of the fourth-floor space.
Rob Groves, regional development director with Paradise development manager MEPC, said: “The arrival of Cubo brings a further high profile and high-quality occupier to Two Chamberlain Square, and is another vote of confidence in the business health of the city centre.
“The Cubo offer is a great match for Paradise and places flexible but high-quality co-working space at the heart of the development. We’re confident Cubo will quickly become an established part of the city’s business community and an asset for the Paradise estate.”
Marc Brough, managing director of Cubo, said: “This move to Birmingham and Paradise underlines our strategy of building a national presence of co-working spaces for Millennial and Generation Z-led SMEs and corporate clients. With locations in the very heart of thriving city centres with connectivity on the doorstep and proximity to like-minded organisations and individuals, we are establishing essential new workplaces built on accessibility for both staff and clients.
“Two Chamberlain Square is a fantastic building that has already impressed a wide range of occupiers and their staff and underlines our approach. We’re sure our customers will come to the building because of its unbeatable location, local amenities and the sheer quality of the space. It is a place with a real presence on Birmingham’s skyline and is an integral part of the city’s premier civic square.”
Chris Taylor, CEO of real estate at the international business of Federated Hermes, said: “Cubo is another significant investment from a high-quality occupier creating an excellent asset for Paradise, for the city and its business community.
“Together with our private and public sector partners, Paradise is creating a meaningful, job-creating and enterprise supporting business ecosystem right in the heart of Birmingham. This is yet another vote of confidence in the city’s ability to bounce back economically and underlines the success of the city’s ongoing renewal.”