vTime’s growth lifts off at Elevator Studios

Martin Kenwright, left, and Clemens Wangerin of vTime

A FAST-growing virtual reality innovation studio has expanded again at Elevator, taking additional office space at the Baltic-based creative hub.

vTime, which launched in 2013, initially secured 2,500 sq ft of studio space before eventually taking the entire floor.

Growth came fast for vTime and the team expanded rapidly, and the following year the company took an additional floor at Elevator.

The recent expansion includes the new top floor space, secured under a long term lease to a total of 6,000 sq ft.

Tim Speed, managing director and co-founder of Elevator, said: “Elevator naturally attracts business from within the creative sector due to its location, layout, general vibe and environment. vTime chose to launch their business from Elevator and have had huge success during the past three years. We’ve been able to support them through their expansion, offering varied and flexible space, that’s been aligned with their growth.”

Elevator is home to a number of games companies including Ripstone, Catalyst and Lucid and is recognised nationally as a regional hub for the sector.

Mr Speed added: “We have some really incredible companies housed here from within the games sector, who are naturally gravitating towards Elevator. With 90,000 sq ft and super-fast broadband, we are able to be incredibly flexible in the type of space we offer, working with small start-ups to large internationally recognised businesses such as vTime.”

Led by senior veterans from Evolution Studios and Sony Studio Liverpool, vTime is headed by Martin Kenwright – CEO, and Clemens Wangerin – MD.

Mr Wangerin said: “Elevator has been the perfect base from which to launch and develop our business. We were keen to be in the Baltic area and the Elevator building. In our view, Elevator was one of the centres that helped kick-start the regeneration of the area. It is a wonderful building that has retained its original features and integrity, giving us the room to expand, whilst offering us the perfect environment in which to be creative.”

The new office, formerly used as a recording studio by Ian Broudie of the Lightning Seeds, boasts 360 degree views of Liverpool, and will now be used by the senior management team at vTime.

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