Global Workspace Provider Expands Belfast Footprint
August 2016, Belfast - Regus, the world’s largest provider of flexible workspace solutions, has leased additional office space in Belfast City Centre to service the local market.
The company has taken the third floor of Arnott House which is located on Bridge Street and extends to 6,000 sq ft. The deal was brokered by David Wright of CBRE.
With more than 2,500 locations and 2.1 million members in over 900 cities around the world, Regus is already the global market leader in flexible workspace provision.
Arnott House previously underwent a major refurbishment in the communal areas and first floor to provide modern accommodation behind a listed façade. This was in anticipation of another major tenant, Boston engineering company Rapid7. The other two floors, including the third floor taken by Regus, are currently being refurbished.
This is the first letting for Regus in a number of planned acquisitions across Northern Ireland, with further Belfast locations, Lisburn, Newry, Derry/Londonderry, Omagh, Coleraine and Enniskillen all under consideration.
We have been working closely with Regus as strategic partner to assist with its global expansion. Our aim was to secure a strong prominent location and Arnott House is an example of an office building that will appeal to a wide range of companies seeking flexible office space.
The serviced office sector is an extremely important aspect of the property market, providing short-term flexible office space for a multitude of businesses, from start-ups to large, global companies. The sector is set to continue to expand in the future with the continued rise in agile working practices.
Richard Morris, UC CEO, Regus said:
“This letting will enable Regus to strengthen our presence in Belfast and get a foothold for further growth into the regions across Northern Ireland. There is such a diversity in the way office space is used by companies and we are sourcing the best locations to fulfil demand. The Arnott House site is well-placed and within walking distance of main transport hubs, several public car parks and in close proximity to Belfast’s main shopping area. There are also many eateries in the surrounding area.
“Over the past year, we have opened workspaces in a record 554 new locations, bringing the total to more than 2,700. We aim to take advantage of this new way companies use office space and have plans to open at least 300 more facilities in 2016.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Regus is the world’s largest provider of flexible workplace solutions, with a network of 2,800 locations across 106 countries and 977 cities, serving 2.3m members. Our customers include some of the most successful entrepreneurs, individuals and multi-billion dollar corporations. Through our range of office formats, as well as our growing mobile, virtual office, and workplace recovery businesses, we enable people and businesses to work where they want, when they want, how they want, and at a range of price points.
Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange. For more information, please visit www.regus.com.