As demand for derived offices soars, the Hertfordshire based commercial property investor and developer Mantle is converting its offices into a new business centre in Cambridge.
Located on Nine Hills Road, in the heart of Cambridge’s business district, Mantle will re-locating its central Cambridge business centre. This is double the size of Mantle’s existing CB1 Centre at 20 Station Road, which the new centre will replace, and is now 30,000sq ft in size.
The current centre at 20 Station Road in Cambridge is being replaced to meet the growing demand for flexible office space, as enquiries across its seven business centres have increased by 27% every year. This news follows Eastern Echoe’s previous reports that flexible office space provider Fora have recently taken up the 65,000 sq ft of office space at 20 Station Road.
Mantle set up CB1 business centre in 2013, under a management agreement with freeholder Brookgate which will provide Brookgate with additional space to expand the CB1 original development.
The refurbishment is being completed by London-based architects Selencky Parsons, which has designed their other centres in Stevenage, Oxford, and Stansted. The new entre when completed, will include brand new co-working spaces and offices in a range of sizes, as well as phone booths, breakfast bars, large meeting rooms, 80 parking spaces, cycle parking, showering, and drying facilities.
Guy Baker, chief executive officer of Mantle said: “CB1 has been a huge success with 100% occupancy, so we look forward to having twice the space to meet the high demand in Cambridge from our current customers and those businesses looking for flexible workspace, including meeting the demand for our new ‘Home-flexi’ option.
“We continue to focus on the south-east office market and provide high quality and functional workspace that meets the fast-moving and changing needs of our customers. August is traditionally a quiet time of year in our market, however, we have had an unprecedented number of new enquiries across our business centre portfolio during July and August with a 27% increase year on year.
“We continue to respond to the demand from people and companies who wish to continue to work from home while having a flexible, well-connected space where they can meet and collaborate with their teams and other businesses. It has been great working with Brookgate over the years and we wish them continued success in their visionary and exciting regeneration plans for the area. We look forward to launching our latest business centre in Cambridge in November.”
Savills acted on behalf of the University of Cambridge.
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