Flexible workspace operator Runway East has signed for circa 23,000 sq ft at Kings Court, Bath, in a 20-year partnership deal with clients of abrdn.
The Grade II listed building, which is located on Parsonage Lane in the heart of the city centre, is Runway East’s third hub in the South West and its second site with abrdn.
Natasha Guerra, CEO of Runway East, said: “It seems we’re collecting all the cities beginning with B! Bath joins Brighton, Birmingham and Bristol in addition to our sites in London. Bath is internationally known for its UNESCO World Heritage status, it is regularly featured as one of the best places to live, work and visit – so we are thrilled to offer our services here!
“We’re also thrilled abrdn have chosen us to partner with them on a second site – we pride ourselves on delivering for our landlords. The council have an ambitious ‘Renewal 2030’ vision, which includes facilitating and supporting SME’s to create a fairer, greener, creative and connected region. We’re delighted to do our bit, by creating workplaces that facilitate productivity and places people want to work.”
Peter Tomley, deputy fund manager at abrdn, added: “We’re really pleased to welcome Runway East to King’s Court, Bath. With a business model to create the best possible environment for start-ups and scale-ups, as well as established businesses looking for more flexible office solutions, their product is a great addition to the city, playing both to the region’s growth agenda whilst also providing the fund with long term, durable income.”
Will Kinnear, founder of HEWN, which advised abrdn on the letting, said: “Runway East was selected as the preferred partner by abrdn given their knowledge of the South West market and the fantastic product and service they provide. They are a great addition to the Bath market, their in-demand product is attune with the ambitions of the local council and the economy it wants to create and foster.”
