Runway East (RWE), the culture-led flexible workplace operator, signs circa 20,000 sq.ft. of new workspace at Arca, Birmingham, in a 20-year joint venture with Oval Real Estate. A landmark deal for the company, with a trio of successes; their tenth site, in their tenth year and their first in the Midlands.
The distinctive building, formerly a shopping centre, will be reinvented as home to a community of over 400 members startups and scaleups – equidistance between Birmingham Snow Hill and New Street. Located in Birmingham’s core CBD, the office has been refurbished to a Grade A standard. It will be home to a community of 400 members from startups and SMEs, with customisable office spaces for teams of 4 – 100 people, a large roof terrace with views over the city, thousands of square feet of breakout space and 15+ meeting rooms and phone booths on site.
“We’ve been waiting to move into Birmingham, and now we are here!” shares Natasha Guerra, CEO of Runway East, “The Big City Plan is changing the face of the city, with Birmingham playing a pivotal role in the green revolution. Runway East started out as a tech collective, and so we’re so excited to be entering a city with such a thriving tech community. It’s full circle for us as this year marks 10 years of bringing what we call team bliss to startups, scale-ups and SMEs so that they can concentrate on what’s most important in their day-to-day.”
In 2023, central Birmingham’s office market enjoyed its best year since 2019 according to figures published by the Birmingham Office Market Forum.
The site is expected to be opening in Summer 2024, with prices starting from £360+VAT.
Runway East is a B-Corp certified flexible workspace provider, which has been operational since 2014. Led by Natasha Guerra, it has now grown to 10 spaces, across London, Birmingham, Brighton and Bristol. Businesses using their space include Deliveroo, Matches Fashion, and Grind, among other household names.
