Workspace provider enhances Midlands presence as part of £11.5m investment

The new BizSpace facility in Coventry
X The Business Desk

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Flexible workspace provider BizSpace has expanded its presence in the Midlands as part of an £11.5m acquisition programme.

The investment has seen the company acquire existing office parks in Coventry and Bury, together with two large office buildings in Gloucester – one let and one to be fully refurbished and transformed into a new Business Centre.

The three purchases follow the company’s recent acquisition of Cheadle Place in Stockport, Equinox South in Bristol and newly refurbished co-working office space and Serviced Business Centre at Belvedere House, Basingstoke.

Nick Smith, development director, BizSpace, said: “The Bury and Coventry properties provide an opportunity to create smaller workspaces for local businesses alongside more traditional offices.

“In Gloucester, we are creating an up-to-the-minute business centre from a 1960s landmark building on a gateway site. BizSpace already has a very successful industrial centre at Morelands in the city, so knows the market well; this purchase is a response to that demand.”

All three business centres will be launched with an open day in the New Year.