UK: Orega has signed an agreement with Pictet & XLB to create flexible workspace at The Tootal Buildings in Manchester.
Set to open in December 2022, Orega will provide 20,000 square feet of flexible newly refurbished premium private workspace on a phased basis within the building, in space which is designed to meet the significant demand for sub-5,000 square feet space within the city centre.
The project will include shared spaces to support collaboration, privacy pods, meeting and event spaces.
The Tootal Buildings are in Manchester’s Knowledge Corridor in Manchester and are close to major transport links such as the Metrolink at St Peter’s Square and Oxford Road train station.
The buildings, which have been awarded a Very Good certification from BREEAM for a sustainable built environment are the fifth flexible workspace that Orega has launched in Manchester.
Orega now offers flex space from 19 locations across the UK and is described as the UK’s leading provider of flexible workspace under management agreements, as opposed to leases.
Ben Hutchen, real estate director at Orega, said: “With five flexible workspace centres in Manchester we believe we are successfully catering for the city’s booming businesses who are looking for a flexible way of working; a trend which we believe will become even more in demand with the current economic and political uncertainty and reluctance of businesses to be tied into long leases. Our ground-breaking management agreement model allows our landlord partners the opportunity to make the most of their high-end quality office space whilst allowing them to retain control of their assets and brand.”
Tony Lawson, partner at XLB, said, “This recent letting is testament to the importance occupiers place on providing the right environment for their staff and business. The Tootal Buildings provide a beautiful place to work, it has an active tenant community and strong underlying ESG credentials.”
