Expanding workspace specialist signs up to manage city centre offices
Flexible workspace provider, Orega, has reached a new 10-year management agreement to create flexible workspace and tenant amenity offering at Broad Gate in Leeds.
The new centre will open in summer of this year. Orega will operate 26,000 sq ft of newly refurbished flexible workspace to provide about 400 workstations on the second floor of the building and will manage the building wide amenity space on that floor.
Broad Gate is a 300,000 sq ft mixed use development in Leeds city centre owned by NW UK Broadgate Ltd and managed by HKIP. As well as office suites it also features four retail units.
Originally built in 1932, the building was restored in 2009, creating modern office space, a reception and a full height atrium.
Orega’s new workspace will offer a range of different design-led working zones and spaces, meeting rooms, a large re-modelled communal roof terrace which can be used for events and secure bike and car parking.
It is the second flexible workspace that Orega has launched in Leeds. It already offers space at St Paul’s House, 23 Park Square, in Leeds.
In addition, the provider has offices in Liverpool, Newcastle and Manchester in the North of England. The company now offers flex space from 27 locations across the UK.
Ben Hutchen, real estate director at Orega, said: “As one of the UK’s big-six regional cities, the demand for high quality flexible space in Leeds is growing and that is reflected in the increase in desk pricing.
“We are excited by the unique opportunity presented by the creation of a high-quality design-led flexible workspace at Broad Gate together with the broader building amenity that it will include.
“We look forward to working with HKIP and the landlord to deliver a successful operation to the vibrant Leeds market.”
Colliers were agents for NW UK Broadgate Ltd.
Roddy Morrison, director at Colliers, said: “More than ever, modern Grade A office buildings require a high-quality flex offering, and identifying and working with the right partner is fundamentally important.
“We are happy to be working with Orega who we are confident will deliver an exceptional new office destination in Leeds, and a new amenity for both existing and new occupiers at Broad Gate.
“This is the first in a series of initiatives which will ensure Broad Gate is at the forefront for occupiers seeking Grade A space of all sizes in Leeds city centre.”
Eamon Fox, partner, Knight Frank, added: “This strategic partnership with Orega aligns perfectly with the change in workstyle we are seeing and accommodating for.
“Broad Gate points to a future relationship with the office that is more fluid and flexible for our customers, both existing and new prospects.
“We are excited to announce this deal with Orega this early in the year, with more positive news in the pipeline.”
