Oberoi invests £2m in business hub expansion

Entrepreneur Kavita Oberoi OBE has spent over £2m expanding both her Oberoi Consulting company and the Oberoi Business Hub.

Acting on behalf of the vendors, property agents BB&J Commercial brokered the sale of 17a and 20 St Christopher’s Way to Oberoi, taking her total assets to five the address.

Graham Bancroft of BB&J Commercial who acted on the disposal of 20 St Christopher’s Way said “As soon as the property became available negotiations began with Ms Oberoi and we were quickly able to agree a deal which suited all parties.

“The prominence and location of the property makes it one of the best spots on Pride Park and it will fit nicely within her portfolio.

Oberoi launched her Business Hub just over three years ago and it is now home to more than 200 businesses. A further call-answering acquisition is planned in the next 6 months.

Oberoi said of the expansion: “The work space environment has completely changed in post-recession Britain. We’ve seen a huge number of companies review and overhaul the traditional long lease office concept in order to improve efficiencies and maximise flexibility as well as seeking to avoid the risks and costs associated with long-term leases and issues affecting owned offices.

“There’s a tendency to think that the Hub is exclusively for start-ups and small businesses but that’s not the case. We’ve seen an influx over the past year of large nationals who see the financial benefits of using our serviced offices and back office support.

“The call answering alone has saved companies an average of £1,000 a month through outsourcing their calls rather than employing in-house, it’s a no brainer, no matter the size.

“As a result of the surge in membership we were seeking new premises alongside expansion plans for Oberoi Consulting which meant that the purchase of the new offices at Pride Park was ideal, staying close to our existing businesses and with possibility for further expansion to nearby properties in time.”

Oberoi has appointed BB&J Commercial as retained agents.

Chris Wright of BB&J Commercial added: “Ms. Oberoi has made vital contributions to Derby over the past few years through her work on Pride Park together with leading community initiatives and we’re delighted to be working together to help fuel future growth and expansion within the city and beyond. We’re confident that the new office space at St. Christopher’s Way will provide the platform needed to take The Hub to the next level.”