Orega has completed a new management agreement with Thames Estates to create a 33,500 sq ft flexible workspace centre at Holborn Gate, 330 High Holborn, in the heart of Midtown.
Thames Estates acquired the 175,000 sq ft building in November 2022 and Orega will offer high spec, newly refurbished flexible workspace that can accommodate around 550 workstations on the first and fifth floors of the building. The space will open in early summer this year.
Ben Hutchen, real estate director at Orega, said: “We have seen great opportunities for flex space in both Midtown and the City of London, and we now have five flexible workspace centres in London as a whole. This acquisition certainly bolsters our Midtown presence.
“We believe we are successfully catering for the demand from businesses who are increasingly looking for a flexible way to occupy property but also require high quality ‘state of the art’ space. We believe this trend will continue with the current economic uncertainty and reluctance of businesses to be tied into long leases.”
BH2 advised Thames Estates.
