Flexible workspace provider Orega has signed a 10-year management agreement to create 27,000 sq ft of space at Marlow International Parkway, in Berkshire.
The flexible workspace on the second floor of the 230,000 sq ft building will open in spring this year and provide more than 500 workstations. The site is Orega’s fourth in the Thames Valley and altogether it operates 22 locations across the UK.
Ben Hutchen, real estate director at Orega, said: “The demand for flexible office space has spread out of the capital into the Thames Valley and beyond. Operating flex space in Marlow will enhance our spread of offices across the region and will increase our presence in this prosperous and growing local economy.
“We believe our space will be particularly attractive to corporates who want the flexibility of not being tied into long leases as they negotiate these uncertain economic times.
“As a business we are finding that the market has turned. We are now increasingly approached by landlords who want to engage with us to create an income from their under-utilised space and to mitigate voids, whilst retaining control of their asset and brand. This is what our bespoke partnership model is all about.”
Hollis Hockley and Cushman & Wakefield advised the landlords on the deal.
