Developer launches ‘post pandemic’ flexible offices
A Birmingham building has been transformed into flexible office space after being acquired by investment and development company Key Land Capital.
The two-storey property at Aston Cross Business Village, near the city centre, has undergone a £250,000 refurbishment.
Key Land Capital acquired the 7,000 sq ft building from SK Wouhra in a £595,000 deal. It includes three business units on the ground floor, let to a newsagents, sandwich shop and PPE business.
The vacant first floor 4,500 sq ft office has been stripped out and refurbished with a Category B fit-out, providing a modern, functional, self contained head office suite which is available for lease under flexible all inclusive terms.
“This is a fantastic location for any businesses that may be considering downsizing out of their existing much larger offices, with big floorplates, and long leases,” said Keyland MD Kevin Sharkey.
“We have had a lot of interest from businesses that, in the post pandemic environment, believe they will need much less office space as more employees work from home.
“It is a much more affordable alternative to city centre offices, providing flexible working space which fits with new hub and spoke office models. There is plenty of parking and we have installed new heating and air conditioning, as well as shower areas.”
A fully serviced, bespoke turnkey office environment has been created, offering lease flexibility and fixed, all-inclusive costs. With no up-front capital expenditure, occupation periods from six weeks, and simple short form leases, it allows firms to hedge against headcount fluctuation, added Kevin.
Key Land Capital is also planning a development of small industrial units after acquiring a site nearby in a £700,000 deal. Kestrel House is a 16,600 sq ft unit on a 0.42 acre site at Aston Brook Street East.