British Land, one of the UK’s largest real estate investment trusts, announced the opening of a new Storey flex space in May. The 35,000-square-foot flex office will be located on the seventh floor of the 12-storey 201 Bishopsgate tower near London’s Liverpool Street Station. It’s part of British Land’s 32-acre Broadgate site, which houses tenants in the financial, legal, tech and media industries, in addition to a selection of retail stores and restaurants.
Designed by architects at dMFK, the space comprises 12 office units and will also include meeting rooms, breakout areas, a lounge area, a wellness room and a 7,000-square-foot terrace. As part of the company’s sustainability strategy, “Greener Spaces,” the new Storey location will also have a focus on sustainability and will be designed with a net-zero carbon footprint by 2030.
“Our office space and leases are flexible to customers’ needs and can be designed around them,” said Becky Gardiner, head of Storey. “We can also support with optimizing each workspace through our partnerships with award-winning architects and designers. We’re really looking forward to collaborating with customers and getting the new space open next spring.”
The addition of this new Storey flex space aligns with the surging trend among property firms. A recent Knight Frank survey revealed an overwhelming intention among operators to expand their flexible office footprints in London.
Storey is a flexible workspace provider operating a portfolio of 12 flexible workspaces across London. The company has experienced significant growth period, reporting a 19% year-over-year increase in occupancy in May, having welcomed 20 new tenants, and seen their existing customers increase their space usage. In addition, Storey has donated more than 300 hours of space usage to community projects and supported the Ukrainian Institute to provide English courses for Ukrainian war refugees, equating to more than $220,000 in value.
