Flexible workspace operator Runway East has signed a 20-year management agreement with Peer Group on a 12,000 sq ft office on Borough High Street in London.
The building offers meeting rooms, a 20-person boardroom, an event space and a roof terrace on the sixth floor. The site is expected to open in Q1 2025 following a £1m fit-out.
Natasha Guerra, CEO of Runway East, said: “Our new site at Borough High Street brings us to three sites in the SE1 area, a fitting addition to our two thriving hubs at London Bridge and Borough Market and providing some of our members with space to scale-up.
“There is so much activity happening here, and we’ve seen just how much businesses love being in the area – it has the perfect combination of business, leisure, and of course, some of the best food in Europe. It’s acted as a base for commerce to the City of London for almost 2000 years, so I’d say there’s a small amount of historical evidence that suggests it’s a good place to have an office!”
Jonathan Dean, property director at Peer Group, added: “Peer Group are delighted to be working with Runway East once again by delivering fully refurbished high-quality offices in one of our core commercial assets. As long-term property investors in Southwark, building relationships with a dynamic business such as Runway East is essential to our company strategy of offering the full spectrum of office space to the London Bridge business community.”
