Flexible workspace operator, The Boutique Workplace Company has signed its first management agreement with PITCH, a fund managed by Swiss Life Asset Managers UK, to operate 10,500 sqft of ground floor serviced office space in Jessop House, Cheltenham. The agreement includes the potential to expand further across the 60,000 sqft floorplate over time.
Jessop House is a three-storey office, offering grade A accommodation of varying sizes and totalling almost 60,000sqft. It boasts strong amenities, including natural light throughout, onsite café with al-fresco and indoor seating, three lifts, ample underground parking, showers and bike storage. It is perfectly located between the train station and town centre.
The Cheltenham site at Jessop House, builds upon Boutique’s existing portfolio of 40 workspaces across London, Birmingham and Glasgow.
Aimed specifically at the Cheltenham and wider Gloucestershire / Cotswolds area, Jessop House will be a hub for small and growing businesses. Memberships will be available to solo workers, a range of meeting rooms available for clients and external businesses and private offices for businesses from 2 to 20 people. Boutique’s space totals 188 desks across many office size configurations.
Daniel Wheble, CEO of The Boutique Workplace Company stated “We’re delighted to partner with Swiss Life Asset Managers UK and support the strong and vibrant business community in Cheltenham. Jessop House is a fantastic addition to our strong portfolio of workplaces. As we’ve done in other parts of the UK, we’re aiming to bring a modern, tactile office space, where small businesses can grow, connect and enjoy a hospitality-led office experience which is normally the preserve of large businesses.”
Simon Martindale, Fund Director at Swiss Life Asset Managers UK stated “Partnering with Boutique on our first UK management agreement will allow us to bring something new and unique to Jessop House. This partnership has been in discussion for many months, but our mutual focus has always been to raise the office experience for small businesses in the Cheltenham and Cotswolds area and to diversify the income profile from the building.
Boutique’s expertise in day-to-day management gives us confidence that we can further enhance the business experience in Jessop House and provide attractive and growing income to our investors. We’re delighted to have partnered with a trusted team that shares our progressive vision to create a ‘best-in-class’ office experience for the Cheltenham market”.
The Boutique Workplace Company focusses on combining beautiful period and modern buildings, with first class hospitality and all-important flexibility. The company vision is to create a big workplace experience for small businesses; a vision which is backed-up with market-leading customer loyalty, strong net promoter scores and increasingly positive reviews and testimonials.