Global workspace provider Regus has taken a 26,359 sq ft space at St James’s Tower in Manchester city centre.
The building on Charlotte Street is currently undergoing refurbishment following a £3m investment by its owner, which is set to complete in the first quarter of 2020.
Regus struck a deal to let half of the building’s ground floor in addition to its first, fourth and fifth floors from commercial property consultants OBI, which is project managing the asset.
Richard Morris, UK CEO of Regus, says he was delighted to be opening in a “prominent” location, in the heart of the city centre.
Will Lewis, co-founder of OBI, said: “The £3m investment in St James’s Tower is massively changing the external appearance while significantly improving internal spaces.
“Securing Regus is particularly pleasing, given that this deal has been done before works have been completed. Regus offers the flexibility and amenity that the modern-day occupier is seeking and is a great addition to the building.”
Mr Lewis said the deal recognised the continued rise in popularity of flexible workspaces.
This was echoed by Mr Morris, who said Regus was driving “a workspace revolution” in Manchester and beyond.
He said: “Demand for flexible office space is growing rapidly – our research shows that 73 per cent of Brits believe that flexible working is the ‘new normal’, with 53 per cent of professionals globally now working remotely for at least half their working week.
“People are recognising that they are far more productive and successful in a dynamic working environment, while businesses are waking up to the financial and strategic benefits.”
There is 2,979 sq ft of refurbished office space remaining at St James’s Tower, with 5,000 sq ft of new ground floor retail and leisure space which can be made available from November, OBI confirmed.
Metis and Savills are leasing agents on the ground floor vacant space.
Existing occupiers Fletcher’s Solicitors and Pimberly have taken further space on the upper floors of the building.
