IWG-owned flexible workspace provider Spaces has signed for more than 30,000 sq ft in the largest commercial deal in Sheffield city centre since 2019.
Spaces will take all upper floors of an eight-storey building on the Pennine Five campus owned by RBH Properties.
It will offer private offices, co-working access, meeting rooms and collaborative spaces from spring 2023.
RBH bought the five office blocks that make up the former HSBC headquarters on Tenter Street in 2019. Ongoing work to turn it into a business campus for up to 3,500 professionals includes creating a £1.5m outdoor central plaza.
Spaces will join the campus’s first three occupiers, First Intuition, Department for Work and Pensions and Sheffield College.
Jeremy Hughes, director at RBH, said: “The offer and culture of Spaces really complements what we are trying to achieve at Pennine Five and can help us create a melting pot for firms of all sizes and sectors.
“Many occupiers are also buying into our bold approach to sustainability. By repurposing this huge site, Pennine Five is now a blueprint for how regeneration can help lower carbon emissions today, not decades down the line. In addition to saving huge quantities of embodied carbon, we are creating a 280-space cycle hub and introducing significant EV charging facilities in the existing car park.”
Nigel Barnes, UK development director for IWG, said: “We are establishing a stronger and much-needed footprint in Sheffield with this latest opening. As an important business hub, Sheffield is a fantastic place for us to boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal.
“Our opening in Sheffield comes at a time when more and more companies are discovering that hybrid working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”
Colloco advised RBH.
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