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Refurb programme offers up more furnished office studios


September 08 2021
By Miran Rahman

Following the success of the Let Ready studio concept at Number One Kirkstall Forge, CEG has completed the delivery of five fully-furnished studios at 84 Albion Street in Leeds.
They provide workspace designed for teams of 4 to 24 people and enable a company to move in, plug in and start work immediately.

Robert Morton, investment manager at CEG, said: “The Let Ready studios have been a phenomenal success at our developments in Kirkstall Forge, Leeds and Westminster Place in York. The new space at Albion Street complements our out-of-town offer with a prestigious city centre address, just a stone’s throw from the station.

“The Let Ready Go concept is perfect for start-ups, as well as established businesses wanting a regional base or additional, fully-furnished project space with easy in/out leases.  
“We also offer Let Ready Complete which provides a comprehensive all-inclusive service with no upfront costs. From COVID secure cleaning to maintenance, data, green energy and utilities management on rates that benefit from CEG’s national buying power. We also ensure the business is up to speed with all fire and other legislation taking any worry away from managing premises.” 

The offer is designed to provide a post-Covid solution to businesses needing easy-in, easy-out flexible leases with the ability to grow and contract on-site. As well as a great city centre location close to amenities, businesses will be part of a thriving business community and have access to contemporary break-out space and dedicated meeting rooms.
84 Albion Street is a landmark office building located in the heart of Leeds City Centre. CEG has managed a comprehensive refurbishment program to provide cycle and shower facilities in the basement through to a roof terrace. The 17,225 sq ft Grade A office development provides five floors of space with four offering corporate space, complemented by the new studio offer on the first floor.

Fox Lloyd Jones and WSP are appointed as agents marketing Albion Street on CEG’s behalf. 

Nick Salkeld, Director at Fox Lloyd Jones, said: “We continue to see workspace strategies evolve following the pandemic, with occupiers now often seeking increased flexibility and fully furnished solutions to minimise capex requirements.  “CEG’s ‘Let Ready’ model ticks these boxes and importantly bridges the gap between traditional leased space and serviced offices, with the suites benefitting from their own kitchen and meeting rooms on easy in, easy out all-inclusive terms.”

Robin Beagley, Partner at WSB added: “With an increasing number of businesses planning a phased return to the office, this ‘Let Ready’ space provides an immediate occupational solution, whilst complimenting the wider CEG Leeds portfolio, giving occupiers the opportunity to seamlessly grow into the new build workspace CEG is delivering at Temple and Kirkstall Forge.”

CEG is heavily invested in the City of Leeds and the Albion Street refurbishment further highlights its commitment to Leeds as a thriving business destination.
CEG started the £350million Temple development in May this year, where the first phase, a 37,800 sq ft seven-storey office known as Globe Point, is being delivered on Globe Road. Set to push the boundaries of new ways of working it will offer a business lounge, innovative break out space and a café kitchen, alongside the highest quality workspace for up to 400 people.

CEG is working closely with Leeds City Council and other partners to bring forwards some 4 million sq ft of growth within the Temple District, south of Leeds City Station. A masterplan has been created to drive high value economic growth, with Temple as its cultural centrepiece.

Work has already started to revitalise the nearby Drapers Yard as a UK Centre of Excellence for life sciences and innovation on behalf of LabCorp.