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Work spaces to be created for smaller businesses

THE BUSINESS DESK

31 March 2021

By Miran Rahman

 

CEG has appointed DP Design to transform 84 Albion Street in Leeds, to provide a range of studio space for start-ups and smaller businesses.

Five let ready studios are being created, offering fully furnished workspace for teams of 4 to 24 people.

When completed in July, they will enable a company to move in, plug in and start work immediately.

84 Albion Street is a prominent office building in the centre of Leeds. CEG has managed a comprehensive refurbishment program to provide cycle and shower facilities in the basement through to a roof terrace. The 23,700 sq ft Grade A office development provides five floors of space with all except one offering corporate space, complemented by the new studio offer on the first floor.

Robert Morton, investment manager at CEG, said: “The Let Ready studios have been a phenomenal success at our nearby Kirkstall Forge development and Westminster Place in York.

“By including this type of workspace at Albion Street we can complement our out-of-town offer with a prestigious city centre address, just a stone’s throw from the station.

“Let Ready Go is perfect for start-ups, as well as established businesses wanting a regional base or extra fully-furnished project space with easy in/out leases.
“We also offer Let Ready Complete which provides a comprehensive all-inclusive service from COVID secure cleaning to maintenance, data, green energy and utilities management benefiting from CEG’s national buying power.”

Fox Lloyd Jones and WSB Property Consultants LLP are appointed as agents marketing Albion Street on CEG’s behalf.

Duncan Senior, partner at WSB, added:“Let Ready at 84 Albion Street provides an exciting alternative to both serviced and traditional offices in the city by offering businesses the benefits and amenities of serviced space on all-inclusive rents and flexible terms, whilst also allowing them to use and adapt their space to maintain their own unique brand and identity.

Nick Salkeld, director at Fox Lloyd Jones, said: “We continue to see workspace strategies evolve following the pandemic, with occupiers more often seeking increased flexibility and fully furnished solutions to minimise capex requirements. “The scheme complements the building and wider CEG Leeds portfolio, giving occupiers the opportunity to seamlessly grow into new build workspaces coming on board in both Temple and Kirkstall Forge.”