BizSpace boosts portfolio by 351,000 sq ft following £37m acquisition spree

Since September 2017, BizSpace, the UK’s largest provider of flexible workspace, has acquired ten properties, investing over £37 million across the UK and adding 351,000 sq ft to its portfolio.

Backed by Värde Partners, the UK’s largest provider of flexible workspace is rapidly expanding its flexible workspace proposition to key regional towns and cities throughout the UK.

Providing flexible and affordable workspace, including offices, business centres, industrial workshops and storage space, BizSpace now has a total of 105 UK-wide properties, equating to over 6 million sq ft under ownership.

So far in 2018, BizSpace and has acquired five properties worth a total of £25.5 million. Locations include, Waltham Abbey in Essex, Hemel Hempstead, Cardiff, Doncaster and Cheadle in Greater Manchester. The company has also invested £25 million into refurbishing and updating its core portfolio, implementing cost-saving programmes, reducing energy consumption and improving the work environment for its customers.

BizSpace has more than 4,000 micro and SME customers representing all sectors of the economy, including Reassured, a life insurance brokerage, Stu Art Aviation a high-end furniture company featured on Channel 4, and Boom Boom, a fashion company which counts Kim Kardashian among its fans.

With a strong portfolio of properties in the north of England, BizSpace plans to open more sites predominately in the west midlands, south west and south of the country.

Gareth Evans, Chief Executive at BizSpace said: “We’ve had a fantastic start to the year, building on last year’s success and boosting our portfolio with properties in key sites around the country. Committed to helping the UK’s regional SMEs and entrepreneurs thrive, we choose our locations very carefully on the fringes of town and city centres to ensure we can support local working communities.

“Businesses of all types and sizes are increasingly recognising the benefits of flexible licenses over traditional leases, and there is strong demand for high-quality and affordable space with outstanding customer service and support. The regions are definitely starting to see a benefit from the rate increases in London. As the need for improved infrastructure across the UK moves up the political agenda and our towns and cities become better connected, we will see an increasing number of regional occupiers look to take space at local business centres.”