February 15, 2018— Scarborough International Properties Limited (SIPL), the UK and international real estate developer and its joint venture partner Metro Holdings of Singapore (Metro) announce that they have secured flexible workspace provider, Spaces, as a tenant at Acero, their new Grade A office development at Sheffield Digital Campus.
Spaces has taken a 20 year lease on 26,290 sq ft on the ground and fifth floors to create a dynamic workspace for entrepreneurs. They join Simcyp, which has recently taken the second floor in the building.
Originating in Amsterdam, Spaces brings together thinkers, achievers and imagineers to create a community with a unique entrepreneurial spirit. The dynamic workspace offers a culture that goes beyond business logistics, to build a community of interesting people doing exciting things.
Located in Sheffield city centre, Acero is adjacent to Sheffield’s main railway station which will benefit from the delivery of high speed rail HS2. Acero is one of the highest specification offices in the region, offering 80,599 sq ft flexible office accommodation over six floors. The office building is the latest addition to the Sheffield DC development and has been privately funded in a 50:50 joint venture between SIPL and Metro.
Colloco, CPP and Knight Frank acted for SIPL, Spaces were unrepresented.
Paul Holcroft of Scarborough International Properties, said: “We are delighted to welcome this new Spaces concept to Acero. We believe the building provides the kind of collaborative, creative and flexible workspace options that ‘Spaces’ offers. Spaces will offer local businesses seeking smaller workspaces or more flexible terms the opportunity to be part of Acero’s growing business community.
“With interest continuing to build in the last few remaining suites, we look forward to announcing further deals soon.”
Richard Morris, UK CEO of Spaces, said: “Demand for flexible office space is growing rapidly – our research shows that 53% of professionals globally now work remotely for at least half their working week and 30% of corporate real estate portfolios could be flexible workspace by 2030. People are recognising that they are far more productive and successful in a dynamic working environment, where they are surrounded by like-minded people. Spaces is helping to supply this demand and drive a workspace revolution in Britain.”