Solihull serviced office provider expands with London acquisition
Register for free to receive latest news stories direct to your inboxRegister
A West Midlands headquartered serviced offices provider has expanded into the London market with a new acquisition.
UBCUK, which operates eight business centres in the UK, has agreed to take a 10-year lease on 16,624 sq ft of space spread across two floors of The Mille, a newly refurbished landmark office building on Great West Road, Brentford.
UBCUK, which is based at Birmingham Business Park in Solihull, has managed the serviced office space at The Mille, a 98,000 sq ft multi-let office building next to the M4, for more than five years for McKay Securities. The space will now become part of the UBCUK-branded portfolio.
Beth Margetson, director at Emms Gilmore Liberson (EGL), advised the company on the renewal of its current management agreements whilst the refurbishment of the two floors was completed by landlord McKay Securities.
Ms Margetson said: “UBCUK currently operates serviced office accommodation at the property under two management agreements, but having comprehensively tested its model in this location is now investing in it by entering into longer-term leases.
“UBCUK is a long-standing client of EGL, which we have advised on multiple transactions. I’m pleased to see the continued growth of this business, and to have helped bring this latest deal to a successful conclusion. The leases will be granted once the landlord has completed comprehensive refurbishments works to the two floors.”
UBCUK managing director Richard Johnson said: “We are delighted to have secured a long-term lease at The Mille for a further 10-year term; this commitment represents a significant investment to UBC and the building is an important part of the UBC serviced office portfolio.
“Our Brentford flexible workspace offering has always been in demand, but recent improvements in the building have certainly helped raise our profile here and we are very much looking forward to delivering our brand new premium quality space.”
UBCUK’s other sites are in: Birmingham city centre, Birmingham Business Park, Cirencester, Fleet, Henley-in-Arden, Southampton and Warrington.