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Prospect Business Centres expands with 2.4m investment in sixth serviced office centre Magazine

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Prospect Business Centres, which operates premium serviced office centres in London and Leeds, has announced further expansion with its sixth serviced office centre, its fourth while in the capital.

The new 22,000 square foot offices, at No 5 Old Bailey, while in the shadow of St Paul’s Cathedral, is the company’s largest centre possesses the ability to accommodate nearly 350 desks above the second and third floors of your building. The modern London centre joins a portfolio of three other centres within the capital, all of which are experiencing record occupational levels of over 90%.

No 5 Old Bailey opens at the end of June and Prospect has invested 2.4 million within the development. The top end office scheme will feature large breakout areas for clients with a dedicated balcony area, and even two kitchens on each floor, and basement cycle racks with changing facilities.

Part with the fast-growing Leeds-based Prospect Property Group, Prospect Business Centres’ portfolio now comprises 112,000 square foot of serviced work space and 1,700 desks across its four London centres as well as two Yorkshire centres at Prospect House and Fountain House in Leeds. Further office centres are planned afterwards this current year.

Prospect create six new staff at the site, to care for the clients, provide catering facilities and manage the building and services.

“London currently is one of the world’s most active office markets and versatile workspace providers are making up an excellent proportion with the office occupy,” said Charlie Cudworth, managing director of Prospect Business Centres. “We made a decision for 2011 to concentrate our expansion inside capital and also this decision have been justified by our continued success. Our centres, that happen to be in key locations, offering excellent accommodation and client-focused teams, provide excellent value in comparison with your competent competitors, who don’t put on to be able to get these sought-after addresses.

“We intend to open a minimum of three new locations batch that we get if you can secure the right sites, and properties that meet our specific requirements. Our momentum is building through organic growth even as currently have a more substantial and larger footprint in the capital.

He added: “Our formula works in Yorkshire and performs particularly well in the uk. Which has a value and quality proposition and newly refurbished premises we are able to keep centres virtually full after a number of months of operation.? The overflow of demand using their company centres is giving us a flying come to occupancy at 5 Old Bailey too.”

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