Refurb programme offers up more furnished office studios

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Following the success of the Let Ready studio concept at Number One Kirkstall Forge, CEG has completed the delivery of five fully-furnished studios at 84 Albion Street in Leeds.

Providing workspace for teams of 4 to 24 people, they enable a company to move in, plug in and start work immediately.

Robert Morton, investment manager at CEG, said: “The Let Ready studios have been a phenomenal success at our developments in Kirkstall Forge, Leeds and Westminster Place in York. The new space at Albion Street complements our out-of-town offer with a prestigious city centre address, just a stone’s throw from the station.

“The Let Ready Go concept is perfect for start-ups, as well as established businesses wanting a regional base or additional, fully-furnished project space with easy in/out leases.”

The studios are designed to provide a post-Covid solution to businesses needing easy-in, easy-out flexible leases, with the ability to grow and contract on-site.

CEG has managed a comprehensive refurbishment program from new cycle and shower facilities in the basement of 84 Albion Street, through to a roof terrace.

The 22,228 sq ft Grade A office development is five storeys, with four offering corporate space, complemented by the new studio offer on the first floor.

Fox Lloyd Jones and WSP are appointed as agents marketing Albion Street on CEG’s behalf.

Nick Salkeld, Director at Fox Lloyd Jones, said: “We continue to see workspace strategies evolve following the pandemic, with occupiers now often seeking increased flexibility and the highest quality fully furnished solutions to minimise capex requirements.

“CEG’s ‘Let Ready’ model ticks these boxes and importantly bridges the gap between traditional leased space and serviced offices, with the suites benefiting from their own kitchen and meeting rooms.”

Robin Beagley, Partner at WSB added: “With an increasing number of businesses planning a phased return to the office, this ‘Let Ready’ space provides an immediate occupational solution, whilst complimenting the wider CEG Leeds portfolio.”

CEG is heavily invested in the Leeds. It started the £350m Temple development in May this year, where the first phase, a 37,800 sq ft seven-storey office known as Globe Point, is being delivered on Globe Road.

The company is also working with Leeds City Council and other partners to bring forwards some four million sq ft of growth within the Temple District, south of Leeds City Station.

And work has already started to revitalise the nearby Drapers Yard as a UK Centre of Excellence for life sciences and innovation on behalf of LabCorp.