Luxurious 1920s inspired office designs and high-spec facilities providing elite serviced office space for businesses looking to set up in the West End
Further evidence of the UK’s serviced office market’s exponential growth
Office Space in Town, one of the UK’s leading serviced office providers, today announces the completion of its latest ‘members only’ serviced office development at 10 Brick Street, Mayfair, one of the West End’s most exclusive and sought-after addresses.
The new 15,000 sq. ft. serviced office has been developed in collaboration with Sam Kopsch Studio, with Peldon Rose responsible delivering the office design and build project. Featuring a 1920s Great Gatsby style complete with a newly-installed sweeping art deco staircase and glass atrium located above a Weber Grand Piano – the building draws on inspiration from the surrounding elegance of Mayfair. Incorporating a glamorous reception area with bold geometric stripes, bespoke offices, individually designed conference rooms and break-out spaces, all swathed in a rich palette of greens, golds, black, and white – the office delivers graceful designs alongside modern office facilities.
The extensive refurbishment carried out at 10 Brick Street has created a serviced office unique to the market, providing exclusive office space for businesses of between 5 and 15 people, supported by a first class reception, back office function, and the most up-to-date technology, including failover fibre line for internet and phone services. At this early stage the building already plays home to a number of leading businesses, including fashion groups, a century-old family-run confectionary group, construction recruitment specialists, and a number of top firms in the UK’s finance sector.
Situated in the commercial heart of London’s West End, close to major corporations, financial and real estate businesses, as well as top restaurants and elegant parks and squares, the new serviced office is an ideal location for companies requiring a boutique London base in the centre of the Mayfair community. The area is well served by tube and bus links within few minutes’ walk, and London Victoria national rail station, offering fast connections to London’s Gatwick airport.
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Office Space in Town already operates five other boutique serviced offices across prime London locations, including Euston Tower, Liverpool Street, St Pauls & Farringdon, Waterloo, and the company’s most recent serviced office in Monument, which opens in tandem with Mayfair and incorporates high-design facilities, inspired by luxury yachts.
The UK’s serviced office market has experienced exponential growth – with a 67% increase in central London floor space between 2004 and 2014. In recent years this trend has been amplified in the Mayfair area with the West End serviced office market growing by 11%, taking its’ share of London’s overall serviced office floor space to 28%. As pressure on the Capital’s commercial spaces only increases and rental prices rise accordingly, flexible office space solutions are helping to alleviate this squeeze on space in Mayfair, offering affordable luxury offices to even the smallest companies.
As more and more businesses turn to such serviced office solutions, and as the UK’s workforce moves further towards a convergence of our work life and lifestyles, we are seeing an evolution in the requirements of these spaces. Office Space in Town is at the forefront of these developments, offering tenants a Grade ‘A’ working/living hub rather than a simple desk solution.
Serviced office specialists, Andrew Close of Masons Property Advisers City and Douglas Green of Green Kinnear Real Estate, acted as property advisors for the office.
Giles Fuchs, co-founder and CEO of Office Space in Town, commented:
“We are delighted to be opening an office at one of London’s most exclusive addresses in the heart of the Mayfair community. The building is in an ideal location for businesses looking for a prestigious address and exclusive office space, with strong local and international transport links.
With the London serviced office market continuing to experience strong levels of demand, both from UK and international companies, we are still actively pursuing opportunities to acquire and lease buildings in the Capital to expand our existing portfolio.”