Cubo doubles up with second workspace in Derby

Leading flex office provider Cubo is to open its second workspace in Derby, taking the total number of sites across the UK to eleven.

Cubo has taken a new lease on the Number One Pride Place, the office building on Pride Park in Derby.

In January, we revealed that Cubo’s sister company Staton Young was the firm behind the deal to buy the building.

The new Cubo features 18,000 sq ft of office accommodation arranged over three floors, with 450 desks available. It also boasts substantial on-site parking.

The building has been home to leading national law firm Geldards for more than 20 years and is currently undergoing an extensive fit-out ready to welcome new tenants from June.

The arrival of Cubo will be the first substantial flex office space to open on Pride Park, which is home to more than 1 million ft of offices and more than 12,000 people.

The decision to open a workspace on Pride Park follows increasing demand from businesses looking to be based around Derby’s largest office cluster.

The new site will added the accommodation already available at the Cubo workspace at The Old Post Office on Victoria Street, which was the first Cubo to open its doors back in March 2020.

The acquisition of Number One Pride Place forms part of the company’s strategic growth plans and takes the number of sites across the Midlands and South Yorkshire to eleven. Second workspaces have been launched in Leeds, Nottingham and Birmingham and a new workspace in Glasgow is set to open shortly.

Cubo was founded by property investors Marc and Becky Brough.

Marc Brough, CEO at Cubo, said: “The majority of Derby’s corporate office occupiers are based on Pride Park. Much of the demand from Cubo nationally is coming from corporates looking to integrate a more flexible way of working into their businesses, so it made sense to establish a new Cubo workspace in the most high profile building on Pride Park.

“The acquisition of a second Derby workspace underlines our strategy of building a national presence of flexible working spaces for Millennial and Generation Z-led SMEs and corporate clients.

“We have already had expressions of interest in the accommodation, and we will be announcing our first flagship occupier in the coming weeks.”

You can join Cubo’s CCO Gareth O’Donovan at our Property Networking Lunch next week.