Orega, the flexible workspace provider, has completed another new Management Agreement to create further high spec flexible workspace at 70 Gracechurch Street, EC3.  The new space will open in January 2024

The 37,000 sq ft of flexible workspace will be newly refurbished to provide around 650 workstations on the 4^th and 7^th floors of the building. In addition, there will be substantial collaboration spaces and meeting room services.

Orega already has management agreements in the building and operates 50,000 sq ft. of flex space on the 2^nd and 3^rd floors. The scheme has been hugely successful to date and is consistently at 95+% occupancy. Orega plans to manage the new space in a similar successful way.

The new space means Orega will therefore be managing over 87,000 sq ft of flex space at Gracechurch Street, a testament to how successful it has been with its current flex space in the building.

70 Gracechurch Street is a 200,000 sq ft building located in the heart of the City, just minutes from Bank tube station. It is close to many local amenities including restaurants, coffee bars, gyms and retail and is situated next to the historic Leadenhall Market, one of London’s oldest marketplaces. 

The new workspace is designed to be a modern, flexible base for the area’s professional and financial businesses, and will offer brand new:

• Design-led space that focuses on hospitality
• A wide choice of different working zones space
• Large meeting room suite
• More space person than the industry norm
• On-site shower and changing facilities
• Unlimited barista-quality coffee
• Secure bike storage facilities

The new space will help consolidate Orega’s offering of flexible workspace in the City.

Orega recently announced the acquisition of 27,832 sq ft at 70, Mark Lane, EC3 and approx. 36,000 sq ft at 51, Lime Street EC3 in August. The expansion at Gracechurch Street therefore is the third management agreement it has announced in the City in the last three months.

The company now offers flex space from six locations in London, where it now runs over 220,000 sq feet of space out of its total portfolio of around 605,000 sq ft across the UK. It is the UK’s leading provider of flexible workspace under Management Agreements (as opposed to leases).

Ben Hutchen, Real Estate Director at Orega, commented: “Given the changing nature of working patterns, high quality flex space in London is increasingly popular. Latest research from the Instant Group* shows that occupancy rates in London are higher than average, as are occupancy rates for higher end quality space.

Our current space at Gracechurch Street has been in high demand, particularly post the pandemic. We are excited about the opportunity to operate further high-quality state of the art flexible office space in this prestigious location.”

Alan Pepper, CEO at Orega added, “We will now be managing over 87,000 sq ft of flex space from Gracechurch Street, a testament to how successful we have been with our current flex space in the building. This latest announcement means Orega’s London portfolio represents over 36% of our total portfolio and illustrates our belief that despite current uncertain market conditions, the demand among London businesses for high end quality flexible workspace remains high.”

Allsop advised the corporate occupier on the management agreement.

*The Instant Group has also forecast that by 2030 the flexible workspace market will have grown by over 500% and make up at least 25% of the UK office market”.

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Purchased by the Corrigan family in 2002, Brookfield House has been the home to Leeds-based businesses for the last 21 years. Currently undergoing an extensive renovation, the office space is set to open in September 2023 and is already signing up new customers ahead of its launch.

Located next to Brookfield Court on Selby Road, the renovation of Brookfield House will create access between the two impressive red-brick office buildings, and will feature new office space, an open plan kitchen, a new reception and additional meeting space including two new meeting rooms and a 16-person boardroom available to the public for corporate bookings.

Oliver Corrigan, Managing Director at WorkWell, said: “Brookfield House has proudly been a part of the WorkWell portfolio for many years, and my family has personally farmed the area for 50 plus years, so we’re thrilled to be able to create a greater future for the building while respecting its incredible past.

“At WorkWell we’re proud to offer a different way of working with Leeds businesses. Our approach is not just about offering an office space with four walls. Each office park within our portfolio perfectly balances aesthetics with functionality, to create a purpose-designed office space which aligns with our member’s company values and purpose.”

Designed by northern-based creatives, Ekho Studio, the former manor house will combine impressive aesthetics with performance-enhancing technology and will feature 9,000 square feet of workable space set amongst 100 acres of accessible countryside.

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Yorkshire-based construction company, Henley Stone Restoration & Remedials Ltd, part of the Henley Group, is restoring the traditional brickwork on a 19^th century Grade II listed building complex, Rutland Mills, in Wakefield. The restoration and repair project will honour the 200-year-old architecture to transform the derelict building into a world class creative hub, Tileyard North.

Once a thriving textile mill adjacent to the contemporary Hepworth Gallery at the edge of the river Calder, the 9,300sqm historical industrial complex has been derelict for 20 years and many of the spaces have significantly deteriorated.

Award-winning restoration and remedial expert, Henley Stone Restoration & Remedials Ltd, has been appointed to oversee the restoration required to return the Grade II listed building to its former glory, honouring its original fabric and the region’s industrial heritage.

The extensive work includes complete façade restoration, structural alterations and strengthening, as well as repairs to the existing building. Alongside Furness Brick & Tile Co Ltd and HSRR, Henley Group has identified replacement brick and mortar samples that match sensitively to the existing 19th century brickwork.

Tom Cardoe, Head of Restoration at Henley Group, commented: “We’re proud to bring decades of restoration and remedial expertise to the regeneration of Rutland Mill, a landmark project which will significantly enhance the local economy – it will be The Battersea Power Station of the North”.

“By carefully repairing and restoring the building’s fabric, we will bring this historical site back to its former glory and breath life back to this once forgotten part of Wakefield. Regeneration projects bring immediate benefits to the local area and these are the kind of projects we pride ourselves on.”

Led by developers City & Principal, Stainforth Construction, architects Hawkins Brown and project manager, Opera, the site will become a thriving cultural hub with facilities for music and digital studios, start-ups, creatives, and the local community. The scheme will also create educational space, a hotel, food and drink and facilities complementary to the Hepworth Gallery.

Adam Standeven, Contracts Manager at Stainforth Construction, said: ‘It’s great to work in collaboration with a local Wakefield Restoration company, especially one that always provides a professional service, with a team who have an incredibly positive attitude towards delivering top quality work on this heritage project.”

Rutland Mills is the final stage in completing a ten-acre regeneration plan that is revamping Wakefield’s riverside. The wider plan converts the space into a mixed-use, inclusive, creative, and cultural cluster with world-class facilities.

The first phase of works, comprising of four buildings across 60,000sqft, for several uses including a work and education space, event space, bistro café and gin bar, and a central courtyard, was completed in December 2022. The new central courtyard allows for breakout activity at the ground floor, as well as providing the opportunity for large scale events, such as music and food and drink festivals. The second will be completed phase by the final quarter in 2024.

For more information on Henley Group, visit: https://www.henleystoneremedials.co.uk

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Eleven Brindleyplace boasts floor-to-ceiling glazing on all 12 floors, with 24-hour access and on-site parking. Carter Jonas and Fisher German are leasing agents marketing 38,000 sq ft of available office space at the building.

Alex Tross, partner and head of office agency Midlands at Carter Jonas, said: “The high-quality, affordable office space and range of amenities make Eleven Brindleyplace an ideal base for businesses looking to establish a presence in Birmingham’s thriving business community. The building offers convenient access to the city centre and benefits from both secure parking and close proximity to local transportation links, including the West Midlands Metro.”

Charles Warrack, partner at Fisher German, said: “Eleven Brindleyplace is an ideal opportunity for occupiers to secure some of the best office space in Birmingham, as the market bounces back and occupiers seek a flight to quality accommodation.”

For more information on availability at Eleven Brindleyplace, please contact Alex Tross at Carter Jonas on 0121 306 0401 and Charles Warrack at Fisher German on 0121 561 7885, or visit https://www.elevenbrindleyplace.co.uk/.  

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The new office building will be occupied by the Nuclear Decommissioning Authority (NDA), but has been designed to provide flexibility. In addition to workspaces, the planning consent also includes breakout areas inside and outside of the building for staff and visitors, enhanced landscaping and tree planting, and car and cycle parking provision adjacent to the building.

Harwell Campus is located within The Science Vale UK area, an internationally significant location for innovation and science-based research and business. The 700-acre campus is home to numerous organisations, predominantly in the innovation technologies sector, and provides employment to around 6,500 people working in over 225 organisations.

Katherine Jones, Associate Partner, Planning and Development, Carter Jonas, commented: “Carter Jonas is involved in planning widely across Harwell Campus – from strategic planning through to individual applications such as this. A specialist nuclear cluster has emerged at Harwell, and consequently, there is ongoing demand for space. We are pleased to have played a part in fulfilling this requirement.”

Monika Zemla, Director of Leasing and Business Development at Harwell Campus, said: “We’re delighted to have secured planning for the Dexter development.  Dexter will be occupied by NDA, whose crucial work will pave the way for the realisation of our masterplan vision and will enable further expansion of our globally renowned science community.”

Having managed and submitted the planning application, Carter Jonas will continue to be involved through the discharging of the planning conditions.

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36,000 sq ft of flexible workspace will be designed and created to provide a large number of workstations on the 6th and 7th floors of the 27-storey tower. In addition, substantial collaboration, restaurant, terrace, meeting and event spaces.

Designed by Norman Foster and located in the centre of the City opposite the Lloyd’s Building, 51 Lime Street is one of the City’s most iconic developments with 44,000 sq m (473,612 sq ft) of space and is one of the taller buildings in the City. The location is in the heart of EC3 with many local amenities – including restaurants, coffee bars, gyms and hotels – only a short walk away.

The new workspace is designed to be a modern, flexible base for the City’s professional and financial businesses, and offers brand new: 

• Design-led space that focuses on hospitality
• More space per person than the industry norm for London
• On-site shower and changing facilities
• Unlimited barista-quality coffee
• Secure bike storage
• On-site restaurant
• Bookable auditorium

51 Lime Street is the seventh flexible workspace that Orega has launched in London and the third in the City.  The company now offers flex space from 26 locations across the UK and is the UK’s leading provider of flexible workspace under Management Agreements.

Ben Hutchen, Real Estate Director at Orega, commented: “By offering our joint venture Management Agreement, Orega provides a forward-thinking disposal solution to corporates who may be looking to re-purpose their excess space, following changes in working patterns.

Our Management Agreement not only enables corporate businesses to quickly mitigate excess real estate costs, but also provides them with modern hospitality-led amenities, as well as enabling them to keep control of their space. This is essential when brand retention and potential re-occupation are important considerations. As a result, more and more large occupiers are considering this route.”

Lynsey O’Keefe COO of Orega added, “51 Lime Street is an iconic building, and we are excited about the opportunity to bring to market premium flex space with everything to meet today’s working needs. We continue to see increasing demand for flex space in the City of London, and we now have seven flexible workspace centres in London as a whole.”

 WTW were advised by BNP and Colliers.

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Leaders from Carmarthenshire County Council joined representatives from Bouygues UK and local contractors Shufflebottom and Dyfed Steels to view the steel structure, which marks a significant milestone in the project.

The multi-million pound development is being delivered by Carmarthenshire County Council and is the largest regeneration scheme in south west Wales. It will bring together life science and business innovation, community healthcare and modern leisure facilities at the 83-acre Delta Lakes site on the Llanelli coastline. It is part-funded by the Swansea Bay City Deal (£40million) and is the largest regeneration scheme in south west Wales.

Lead contractor Bouygues UK is committed to using local subcontractors as part of its commitment to provide employment, training and skills opportunities to local people and underrepresented groups.

Dyfed Steels is providing the reinforcement bar for the project’s foundations which has 98% recycled content, and Shufflebottom is providing the structural steel for the building, which has 80% recycled content. With a commitment to the heritage of the area, the steel frame also provides the historical link to the previous industrial buildings that were located on the site. These including South Wales Tinplate Works and the Richard Thomas (Tinplate) Mills.

Peter Sharpe, Bouygues UK’s Pentre Awel Project Director, said the steel structure marks a significant part of the project.

He said: “This is a major construction milestone at Pentre Awel and an exciting one as we can really start to see the structure taking shape providing the scale of the project. Steel framing has a proven track record of providing sustainable benefits and it also offers significant cost benefits compared to alternative materials.

For us it’s very important that we have as many local sub-contractors as possible working with us on this project and it’s great to welcome our guests from local companies Shufflebottom and Dyfed Steels to see the progress that is being made here.”

Cllr. Darren Price, Leader of Carmarthenshire County Council:

“Whilst works have been progressing at pace for many months, this milestone represents the start of aboveground works. We are delighted that Carmarthenshire businesses, Shufflebottom of Cross Hands and Dyfed Steels of Dafen, are playing such a significant part in the construction of Zone 1. Their skill and expertise as two local businesses helping us deliver what will be a fantastic facility at Pentre Awel is a significant boost to the local economy. This alongside the project’s complementary programme of apprenticeships, recruitment and training, reflects the County Council’s and Bouygues UKs joint ambition to maximise opportunities for local people and businesses.”

As well as Shufflebottom and Dyfed Steels, other companies contracted to work on Pentre Awel include: Green4Wales, Redsix Partnership, Gavin Griffiths Group, Davies Crane hire, Dyfed Recycling Services and Owen Haulage.  Bouygues UK has opportunities for numerous trades over the next few years of the project, from those in external works to companies who specialise in internal fixings. 

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Designed by AHMM, 76 Southbank will become a noteworthy example of low carbon office design, with a commitment to achieving Net Zero Carbon in both construction and operation. The project’s sustainability credentials are made possible through energy innovation and a focus on retaining the building’s historical significance. The development is targeting BREEAM Outstanding certification and has a NABERS Design Reviewed Target Rating of 5 Stars. It encompasses a circular economy approach, including efforts to maximise off-site fabrication of key building elements such as façade and MEP systems to minimise waste on site, and the procurement of re-used steel.

Recognising the importance of wellbeing, the refurbished 76 Southbank will offer flexible office spaces that promote productivity and comfort and help foster collaboration. The development will feature an impressive 50,000 sq. ft of outdoor terraces, providing occupants with panoramic river views, and will incorporate biophilic landscaping, enhancing the connection to nature. It has been designed with a double-height entrance lobby and a striking centrepiece staircase that will serve as a visual focal point. Embracing future-thinking concepts, the project incorporates touchless entry design, prioritising the health and safety of occupants.

In addition to its sustainability and wellbeing credentials, 76 Southbank will also contribute significantly to the local economy. The development will provide 300,000 sq ft of much-needed office space, creating 1,200 additional jobs for the community and wider London. The well-connected building is just a short walk away from Waterloo station, while nearby Blackfriars and Charing Cross stations provide excellent transport links to Greater London and the Home Counties.

Global alternative asset manager Cheyne Capital Real Estate provided the financing for the project. Leading real estate agencies CBRE and JLL have been appointed as the agents for 76 Southbank. The project is set to complete in Q4 2024.

Nick Jarman, Project Director at Stanhope said: “This project represents a significant milestone in our commitment to transforming historic buildings into vibrant, sustainable spaces that promote innovation and wellbeing. With the expertise of Multiplex and our shared vision, we are confident that 76 Southbank will become a premier office destination, showcasing the perfect blend of heritage and contemporary design.”

Matt Price, Project Director at Multiplex said: “We are extremely proud to be partnering with Stanhope to deliver the extension and refurbishment of this iconic project on London’s Southbank. Having worked closely with the development team throughout the pre-construction and demolition stages of the project, we’ve now taken over management of the site, marking a significant milestone in the construction journey, ahead of the existing structure going back up and superstructure works commencing.”

Filippo Alessandria at Cheyne Capital Real Estate concluded: “This is a landmark project and a rare opportunity to redevelop such a historic building in Central London. We were impressed by the project team’s emphasis on sustainability and are proud to help deliver this high quality, BREEAM Outstanding office in the heart of Southbank.”

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The bustling 47,000m² urban campus, known as BLACK, is set to provide users with a true ‘workplace of tomorrow’ by creating a sustainable and inspiring modern workspace within commutable distance from La Défense, Paris- the busiest business district in Europe.

BLACK is a unique project which has been designed with sustainability at its core. Situated right beside Parc des Impressionnistes, the project’s ethical design blends nature’s elements with unique architecture to create a space that sits in harmony with its surroundings.

The distinctive timber cladding has undergone the Japanese charring technique of Shou Sugi Ban. This ancient art involves burning the wood to create a decorative and protective layer of charcoal on its surface.

By opting for a façade using Accoya timber that has been treated using this process, the architect saved 1,000 tonnes of CO2 without compromising on performance.

The carbon savings resulted from the fact that the initial design had recommended the use of aluminium. The decision to replace this with charred Accoya wood was one of a number of material decisions made to enhance the building’s environmental performance and credentials.

Overall, the use of low-carbon materials resulted in a saving of 3,000 tonnes of carbon^[1].

The charred wood façade is installed on the GRAD railing system to combine modernity with the traditional. The GRAD system holds the wood in place whilst remaining completely hidden to preserve the building’s unique biophilic design.

Emmanuel Combarel, director at Emmanuel Combarel Dominique Marrec Architectes (ECDM), said: “At the genesis of the project, there was the belief that a workspace should be conceived as a response to the aspirations of our time. The aim was to create a less secluded place, and therefore more open to our environment. […] The park was the starting point for us to develop offices within a garden.

“The project takes place in a location where the city is transforming. […] The building is black and understated; it speaks of material and work on the material, of wood and protective carbon. It is black, without color, it addresses the daylight or nighttime to reveal multiple reflections, a shell that already carries a lot of history. […] Many elements of the facade […] allow for modulation of its relationship with its environment and natural control of its climatology.^[2]”

Laurens Notenboom, head of sales for France at Accsys, added: “Using Accoya aligns with the sustainability criteria of the project. BLACK embodies a vision for urban developments of the future. Its low carbon credentials place it amongst the most ambitious projects in France.

“We worked closely with Henry Timber, who supplied the Accoya, profiled to the specific size for this unique project.

“The project is another result of the great partnership between Accoya, Henry Timber and Les Bruleurs de Bois within the established value chain in the French market– and the first one involving a low carbon cladding application. The GRAD clipping system has been used with the ultra-high performing wood; with Accoya being chosen for its durability, stability in Shou Sugi Ban form and its high sustainability credentials.”

Henry Timber worked with Les Bruleurs de Bois, who completed all the charring on Accoya for the BLACK’s exterior. Les Bruleurs de Bois are one of few manufacturers in France mastering the art of charring wood using the ancestral Japanese Shou Sugi Ban technique.

Project information:

• Client: Redman

• Architect: Emmanuel Combarel Dominique Marrec Architectes (ECDM)
• Area 47,000 m2

• Quantity of Accoya wood: 6740 m²
• Charring: Les Bruleurs de Bois
• Accoya distributor: Henry Timber
• Clip system: Grad
• Year: 2023

[1] https://alts.axa-im.com/responsible-investing/esg-strategy/black

[2] https://www.realestate.bnpparibas.fr/fr/actualites-enquetes/black-un-campus-urbain-ecologique-engage-dans-la-reduction-de-lempreinte

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Offices, industries, trade centres, banks and financial institutions make it the New York of East Asia. Yeouido – the district where most of the banks and the Seoul Stock Exchange are located – is referred to as “Korea’s Wall Street”.

A melting pot of cultures and influences, where the Made in Italy flag is also held high by Caesar, which has furnished the floors and walls of the Hall of an imposing Office Building with the quality of its marble-effect porcelain stoneware. The Anima Futura collection, laid in two different colours – Amazing Silver and Majestic White – dictates the majestic and solemn mood of the premises, with its timeless marble look.

Astonishing and enlightening are the musts of slabs that change the connotations of the environment, making it shine and extending it.

A scenic presence that also imposes itself on the eye thanks to the different features characterising all surfaces: sharp or hinted veins, striking colour transitions, delicate or complex visual textures. If the delicate veins of Majestic White run across the ceramic tile and characterise spaces with their fascination, Amazing Silver stands out for its noble elegance, thanks to its intricate pattern of veins ranging from anthracite to bronze.

An impactful combination in the name of refinement and taste, for a memorable and unique environment.

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