Orega has signed a new management agreement with Thames Estates to create 33,000 sq ft of flexible workspace at Holborn Gate, 330 High Holborn, WC1.
The flexible workspace provider will provide around 550 workstations on floors one and five of the 175,000 sq ft building.
The offices, which are due to open in summer 2023, will also offer collaboration and meeting spaces.
Holborn Gate, which was acquired by Thames Estates in November 2022, is less than a minute’s walk from Chancery Lane station.
The area is home to tenants including Sainsburys, Deloitte UK, Hogan Lovells, Mishcon de Reya and Irwin Mitchell and is part of the Fleet Street Quarter business improvement district, which is set to revitalise the area.
Orega operates 23 flex locations across the UK and this site will be the company’s fifth workspace in London and the fourth in the Midtown.
Ben Hutchen, real estate director at Orega, said: “We have seen great opportunities for flex space in both Midtown and the City of London, and we now have five flexible workspace centres in London as a whole. This acquisition certainly bolsters our Midtown presence.”
He added that demand from businesses that are looking for a flexible solution but also want “state-of-the-art” space “will continue with the current economic uncertainty and reluctance of businesses to be tied into long leases”.
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