London office space provider WorkPad plans to double the size of its business and launch new service lines for landlords and occupiers.
WorkPad has added six ‘big name’ occupiers and completed over forty transactions in the past three months, including household name brands, FTSE 100 companies, design houses and well-known fashion brands.
As a result of the client acquisitions, WorkPad is adding 51,000 sq.ft of office space across its portfolio, split over seven properties.
The new properties will be in a range of locations in Central London, including St. James, Fitzrovia, Marylebone, Bloomsbury, and Farringdon.
CEO Edward Griffin said: “The growth that we have seen over the past three months is the culmination of significant business decisions we have made throughout the pandemic to ensure we continue to service our current landlords and occupiers, and attract new businesses looking for attractive and unique workspaces in prime London locations.”
“Last year, we received a record number of enquiries from SMEs who still see the value of having a London presence for their business and desire attractive workspaces for their clients and employees to enjoy.
“We retained circa seventy percent occupancy during the Covid lockdowns through the provision of short-term agreements, and this has increased to above ninety-five percent across all our nineteen office locations as SMEs benefit from a growing flex market.
WorkPad is launching three new business lines to benefit both occupiers and landlords, which has been made possible by increasing its staff headcount by 60 percent.
For clients looking to move away from the traditional office fit-out, WorkPad will be launching its new Design and Build service, through which the office provider will co-ordinate the whole fit-out and refurbishment process from start to finish with a dedicated project manager and interior design team.
WorkPad will also be expanding its portfolio and asset management arm for landlords through conventional leasing, managed workspace, or serviced workspace,
Edward concluded: “We have been working on these expansion plans for some time and they will ensure we maintain our commitment of providing tailored, high-quality services to our occupiers and landlord clients, such as Grosvenor, The Bedford Estates and Shaftesbury.”
Bdaily (Andrew Carter) - https://bdaily.co.uk/articles/2022/03/03/london-office-space-provider-set-to-grow-as-new-services-launch