Commercial Blog October 2017 - Colliers International | London

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  1. October 2017

  2. Get Kreativ in Hackney with a new co-working space

    23 October 2017
    Co-working space has become a stalwart of the Shoreditch and Clerkenwell office market with creative companies and freelancers wooed by the easy budgeting, sense of community and collaborative opportunities that these sociable, fun and ever-more inspiring environments deliver.
    An office with an EC1 or EC2 address does, of course, come with a commensurate price tag, but entrepreneurial providers of co-working space are now taking the concept to adjoining neighbourhoods to provide a cost-effective but equally exciting alternative.

    Kreativ House is one such provider and has recently opened up right in the middle of Hackney E8 at 280 Mare Street, directly facing Town Hall Square. It’s a wonderful Grade II Listed Edwardian building that dates back to 1910 when the Mayor of Hackney laid the first stone at what was to become the Women’s Social Work HQ for the Salvation Army.

    Today, Kreativ House has created a fantastic and beautifully designed environment with workspaces that cater from a single person right up to teams of 40 people, while the ground floor is packed with communal facilities including members café and bar, multiple meeting rooms, showers, a fully equipped photography studio and an art gallery and event space with rotating exhibitions. There’s even a health and wellbeing program including yoga, meditation, talks and workshops.

    Hackney is a great option for a cost-conscious alternative to Shoreditch, with no less thriving a scene but with considerably lower outgoings – approximately 25% lower rents for equivalent space.

    Kreativ House has various options available, from single person pods at £550 +VAT pcm right up to a self-contained floor of 1,500ft2 at £19,000 +VAT pcm. Included within the rent are furniture, utility bills and all the initial set-up and ongoing day-to-day management of premises. 

    Venues like Hackney Picturehouse, Hackney Empire and Oslo ensure plenty of options for a cultural fix after work from the worlds of film, theatre, comedy and music while Hackney’s collection of places to eat and runs from some of the best old-school Turkish cafes to contemporary restaurants, and from craft beer pubs to cocktail bars.

    Hackney is also well connected by Overground at Hackney Central and National Rail at London Fields, with Kreativ House less than 20 minutes from Liverpool Street and under half an hour from Oxford Circus.

    If you’d like to find out more about Kreativ House, please contact the Colliers Flexible Workspace Advisory Team.


    The Author

    Mark Bott
    0207 101 2020
    +44 7879 890 115
    Mark.Bott@colliers.com
  3. Autumnal Acquisitions

    23 October 2017
    More and more businesses are using the services of our Tenant Representation team to take the groundwork out of looking for a new offices or showrooms, with early Autumn being one of our busiest periods yet.
    Looking for a new workspace can be an extremely time-consuming process. From registering with however many agents in the first place, to sifting through the current availability, to going out on viewings and ticking off unsuitable options, it can be a major distraction that takes someone away from their company and workforce for many days, at who-knows-what cost to their business.

    Imagine someone doing all that for you: identifying appropriate buildings; scouring the marketplace for availability; sourcing off-market opportunities; whittling down the prospects most relevant to your brief; carrying out financial analysis; arranging joint inspections and then negotiating the most favourable terms on your behalf – financial or otherwise – for your preferred choice. 

    We’ve worked with companies looking for their very first office, right up to those who’ve been trading for over 50 years: it really doesn’t matter how big or small your company or what type of business it is, the benefits in time alone can be hugely significant.

    This month we successfully acquired premises from 1,500 to 14,000ft2 for a range of organisations across the creative, professional and charity sectors, securing workspaces ideal for their individual operations with minimal time and effort required on their part. 

    As the leaves have been changing we have proudly relocated the following clients:

    52-54 St John Street, EC1: Duplex showroom of 1,500ft2 for Italian furniture company Quadrifoglio at a new Clerkenwell refurbishment. 

    Scriptor Court, Farringdon Road EC1: 2,300ft2 first floor warehouse offices for Instinct PR in a beautifully characterful Grade II Listed parade.

    Suncourt House, Essex Road N1: 4,200ft2 of striking industrial-style office space in Angel for educational technology firm Bridge 4U.
     
    50-54 Clerkenwell Road EC1: 1,700 ft2 2nd floor of beautiful lofty space in the heart of Clerkenwell for growing tech company Bloomreach.

    175 St John Street EC1: Freehold purchase of a 14,201ft2 building in Clerkenwell for children’s charity Place2Be.
     
    If you’d like to take the hard work out of finding a home for your business, contact our Tenant Representation team on 02071012020. 

    The Author

    Sophie Higgins
    020 7101 2020
    07786 510 974
    Sophie.Higgins@colliers.com
  4. Resounding success at Saffron House

    18 October 2017
    The refurbishment of an existing office building on Kirby Street, between Farringdon Road and Hatton Garden, has successfully repositioned the building in the marketplace and resulted in its full occupation.
    Saffron House has been given a new façade, floor-to-ceiling glazing and a re-positioned entrance that has transformed the building’s exterior and creates a bold and welcoming first impression. That continues inside with the reconfiguring of the ground floor to provide a reception area and large communal lounge from where lifts head up to the offices above, opening directly into each unit. 

    A number of recently expired leases brought about 50% of the building back into availability and so three vacant offices were also refurbished as part of the project to a design by the award-winning Ben Adams Architects – a practice based locally in Clerkenwell.

    The offices are flooded with light and have been finished to a high specification that includes new metal tiled raised floors, modern suspended lighting and brand new exposed air-conditioning systems, while the building offers its occupants generous terraces, shower facilities, bike storage and a commissionaire.

    The most recent letting at Saffron House was the third floor that was taken by Cloudreach, an international cloud-computing consultancy that specialises in the planning, implementation and operational support of Amazon Web Services, Microsoft Azure and Google Cloud Platform cloud solutions. The company is relocating from its nearby premises at Relocating from nearby Waterhouse Square at Holborn.

    Taking the first floor space is Product Madness, a leading social casino operator. The brainchild of two game-loving Stanford Business MBA graduates who began by developing casual games for Facebook and mobile devices, the company switched to the social casino genre in 2009 and were acquired in 2012 by Aristocrat Technologies Inc, one of the world’s largest manufacturers and designers of casino slot machines. 

    Most talk about the City Fringe revolves around the creative, tech and media sectors, but there are a number of charities that have made their home in this part of the world and Arthritis UK has taken the second floor at Saffron House. Starting out in 1936 as the Empire Rheumatism Council, the charity began to train doctors and medical students in the 1950s and published its first information booklet in 1956. The work of its flagship research centre, the Kennedy Institute, led to a whole new class of drugs, transforming people’s lives over the past 20 years.

    We wish them all well in their new homes.

    The Author

    Richard Silver
    020 7101 2020
    07980 205 293
    Richard.Silver@colliers.com
  5. Morelands

    17 October 2017
    The refurbishment of two unique office units has just been completed in one of the most enduring City Fringe buildings for contemporary workspace.
    Morelands, located on Old Street close to the junction with Goswell Road, represents both the birth of the city fringe and its constant evolution. Originally redeveloped in 2003 by Derwent London, this once disparate group of warehouses and workshops was transformed into a cohesive early community of creative enterprises across almost 90,000ft2.

    Since then Morelands has seen a rolling refurbishment that ensures it keeps pace with evolving workspace demands, including a recent upping of its cycle capacity to 174 through the installation of new bays. It’s this attitude of careful curating and continuing improvement that keeps Derwent London buildings in continued demand and that is recognised across the industry: this year Derwent London were named Offices Company of the Year at the 2017 EG Awards and won Property Week’s 2017 Developer of the Year award.

    The two newly refurbished units now on offer include 1879ft2 on the first floor and 1959ft2 on the second floor. Both are characterized by a simple palette of whitewashed masonry, galvanised floor tiles, huge industrial windows and ceiling heights up to 3.2m that deliver big, clear, clutter-free volumes uninterrupted by supporting columns and offering complete flexibility in designing and arranging the interior. 

    Contemporary specifications include ceiling mounted flexible track lighting and perimeter air conditioning units in bespoke covers while each unit also has demised WC facilities and capped off services for tea points. Morelands also has shower facilities for its occupants and a 24-hour concierge service.

    Part of the charm of Morelands is the sense of uncovering a secret upon an initial visit. From the street, the classic Victorian facade of red brickwork and stone reliefs offers little clue as to what lies behind the entranceways that punctuate the ground floor retail parade. Yet once into the courtyard beyond, the environment is transformed into a New York-style industrial compound with steel gantries running overhead and connecting the various buildings.

    Another huge draw is the location that is right in the heart of the City Fringe, at the point where Clerkenwell and Shoreditch merge and where Tech City is rapidly delivering the next stage of evolution. 

    Just across the road is Whitecross Street with its now almost legendary daily street food market providing one of the most vibrant and eclectic daytime food options there is. Lunchtime and after-work offerings form a large part of in the reasoning of where people are prepared to work, and it really doesn’t get much better than Shoreditch and Clerkenwell.

    Being at the heart of it all also means excellent communications with Old Street, Barbican and Farringdon stations all within easy walking distance along with many bus routes passing outside.

    The Author

    Alexander Howarth
    0207 871 7430
    07841 514264
    alexander.howarth@colliers.com
  6. Material differences: luxury Marylebone office space with sumptuous finishes

    16 October 2017
    Inside this newly built and rather striking building in a private gated courtyard, we are offering for sale a self-contained second floor office space of 1237ft2 with a truly remarkable level of design and finish.
    Developed by Goldhawk Real Estate, Lisson Courtyard shows a keen eye for one-upmanship against the competition through the use of upgraded materials that elevate the interiors with a lustrous glamour. 

    It’s rare to find such lavish detail in a workspace and the result delivers something of a high-end residential quality that would suit a company looking to portray an exclusive image.

    There’s an arrestingly sleek minimalism at work here with supremely clean lines and nothing on show that doesn’t need to be. And what is on view is relentlessly beautiful with luxury fitted washrooms with walk in showers, a hi-tech kitchen with granite surfaces and integrated appliances, oak wooden flooring and real wood veneer doors. Huge format double glazed picture windows complete the futuristic aesthetic.

    Most of the technology is recessed or completely hidden and includes LED recessed lighting, Control 4 Integrated AV System, data network system, ceiling audio system and concealed air conditioning. Building facilities include lift access to all floors, security alarm systems and BPT video entry system.

    This part of Marylebone has an excellent pedigree in the world of modern art and design, home to the legendary Lisson Gallery whose cutting edge exhibitions have been at the forefront of contemporary art since the 1960s. Alongside have grown up some of London’s most fashionable places to eat, drink and be seen. 

    Marylebone is also one of London’s first urban villages, an authentic neighbourhood of residents and local traders joined by a thriving population of workers across many sectors, drawn by the sheer charisma of the street scene.

    With a location that’s right in the heart of the West End, Marylebone is also perfectly placed for Regents Park, Camden, Kings Cross and Paddington – ideal for businesses with intercity and international connections as well as those who simply want a vibrant slice of London.

    The building is not elected for VAT and therefore none is payable on this purchase. Current usage class is office B1. However, change of use to residential use C3 has previously been granted.

    The Author

    Joshua Miller
    0207 101 2020
    07917 725 365
    Joshua.Miller@colliers.com
  7. Long lease studio office for sale next to The Regent’s Canal

    13 October 2017
    It's an all too rare occurrence to find high quality office space that you can own rather than rent, but at Baltic Place in London's buzzing East End, an opportunity does exist. Directly fronting Kingsland Road at the junction of the Regent’s Canal, this ground floor office studio is for sale on a 993 year lease – an ideal solution for an enterprise looking to acquire an asset as well as premises.
    Extending to 1,479ft2, the unit has a fantastic double-width glass frontage with direct street access and an integral reception area. It’s the perfect place for a business to advertise itself to passers by, with large floor-to-ceiling windows affording visible signage possibilities. Alternatively, the frosted film currently in place ensures privacy while still capturing excellent natural daylight. All the windows are fitted with integral security shutters.
    Primarily one large open space, the office also incorporates a superb private meeting room with a full-height glass wall to the main office space and full-height full-width window to the rear, beautifully offset by a geometric tiled ceiling of anthracite hexagons. 
    The interior has been well looked after by the present occupier and has an excellent specification that delivers a sleek a minimal aesthetic. Highlights include: a smart kitchen built along an entire wall; polished concrete floors with heating beneath; designer WC and shower facilities; modern suspended light boxes; air conditioning with concealed ducts and a useful storage area to keep the main space clear of clutter. The unit also includes one parking space and another is available by separate negotiation. 
    Baltic Place was developed as a mixed-use scheme, providing a combination of residential and commercial units. As part of its sociable context, the building also has a large communal roof terrace for all its occupants to enjoy.
    Just a few minutes walk from Haggerston Overground station and with plentiful bus routes passing the door, Baltic Place is easy to get to and sits in a bustling and thriving neighbourhood offering some of the coolest bars, cafés and restaurants in East London. Local eateries within walking distance along the Regent’s Canal include Towpath Café, The Barge House, Arepa & Co, Proud East, By the Bridge Café and Waterhouse to name but a few. Whatever your taste, you’ll find it well and truly satisfied.

    The office is for sale at £1,150,000.

    The Author

    Emma Higgins
    0207 101 2020
    07769 605 295
    emma.higgins@colliers.com
  8. Cottoning on: creative, design and tech firms head for The Loom in E1

    11 October 2017
    Whitechapel’s charms continue to reel in contemporary enterprises drawn by a winning combination of local heritage, vibrant street life and excellent transport connections, soon to be augmented with the opening of the Elizabeth Line.
    Somewhere that’s getting more than its fair share of interest is The Loom, a transformational repurposing by Helical of a beautiful Victorian warehouse on Gower’s Walk into stellar, award-winning office spaces. Since the launch in September 2016, we’ve leased 42,000ft2 to fifteen different tenants whose diversity is no less arresting than the building itself. Among the latest entrants are:

    Artsy, an online portal for art lovers, museumgoers, patrons, collectors, students, and educators to discover, learn about, bid on and collect art.

    Erdem, a luxury fashion label established in London in 2005 and famous for its use of experimental textiles, vibrant prints, and detailed craftsmanship.

    Tribe, the world’s fastest growing self-serve marketplace, connecting brands with micro-influencers on Instagram, Facebook and Twitter.

    Habito, a leading digital mortgage broker who were named FinTech Startup of the Year by FSTech and have completed £100m in mortgage applications since their launch last year.

    Alongside the building’s original fabric – including an abundance of magnificent exposed brickwork – The Loom boasts a number of material differences that prevent it from being just another warehouse conversion. Part of the extensive refurbishment includes a new central 'street' running through the interior with a rotating display of artworks through a collaboration with The Cass School of Art, making the core of the building, in the words of architect Joe Morris, "a place to stay, rather than a place to pass."

    For the main reception, London-based illustrator and animator Stuart Patience was commissioned to create a piece of art to enliven the five storey atrium, a key architectural feature of The Loom. Based on the building’s past life as a wool warehouse, the work sees overgrown sheep rise up through a void while farmers struggle to keep them grounded, tugging at the sheep’s coats while simultaneously unraveling their wool.

    The Loom won a prestigious RIBA National Award in 2017. The judges singled out Stuart Patience’s “playfully surreal” mural as one example of how the contemporary redevelopment of the space meaningfully celebrates the building’s history. The Loom has also won the AJ Retrofit Award for Listed Building of the Year, the BRICK Award for Best Refurbishment Project and was a finalist in the BCO Awards for Best Refurbished/Recycled Workspace.

    The leasing strategy is highly flexible, accommodating both short- or long- term requirements. Right now we can accommodate requirements from 1,000-8,600ft2 in contiguous units, so if The Loom sounds like somewhere for your business, please contact the Colliers City Fringe team.


    The Author

    Elliott Stern
    020 7101 2020
    07834 918 700
    Elliott.Stern@colliers.com
  9. September 2017

  10. Historic London courthouse beautifully brought back to order

    26 September 2017
    A grand, former courthouse near Clerkenwell Green, once had a reputation for dishing out some the harshest sentences in the city. After falling into disrepair, it finally has its own tale of redemption…
    The Old Sessions House, a 35,000 sq ft Palladian-style grade II* listed property built in 1779, has been launched back to the market as one of the most intriguing new sites to meet, eat, drink and work in the capital following a sympathetic redevelopment costing close to £15 million.

    Brothers Ted and Oliver Grebelius, at Satila Studios, purchased the property in 2013 with the intention of bringing the landmark property into the 21st century as a practical, yet beautiful, all-day destination, with a mix of public and private spaces.

    The main building spans three floors and includes 20-meter-tall grand dome modelled after the Pantheon in Rome, two old courtrooms and former judges’ rooms spaces. These spaces will host a principal tenant – either a unique headquarters building or a members’ club concept – that will be carefully selected to complement the space and the surrounding neighbourhood. 

    On the top floor, the former judges’ dining room will become an intimate restaurant, terrace and wine bar, which will be run by the Grebelius brothers. 

    On the ground floor, the former dungeons will become part of the public offering, hosting an eclectic mix of food and drink vendors amongst the prison cells remains, including cell bars, prisoners’ staircases and Portland stone cornices.

    The restoration has taken five years, overseen by architects, Feilden+Mawson. Expert craftspeople from across the UK have been brought in to ensure that the building’s historic features have been either preserved or painstakingly replicated in keeping with the building’s opulence. The patina of aged stone and plasterwork throughout is a reminder of the building’s long, storied history. The cast iron railings are original, as are the authentic 19th century hallway lanterns. Meanwhile, handmade doors mirror the style of the originals and custom-made Victorian and Georgian fireplaces dot the space. Touches of antique brass and bronze has been used throughout for greater majesty.  

    The result is an inspiring space, which helped the building to land a coveted agreement to host Burberry’s latest show “Here we are”, a major photographic exhibition curated by president and chief creative officer Christopher Bailey in September 2017.

    Only now the restoration is complete are we inviting potential tenants to peak into this historic gem, seeking rents in the region of £65 per sq ft for retail and leisure space and £75 per sq ft for office/private members space. 

    For further information please contact the joint leasing agents Colliers and Crossland Otter Hunt

    The Author

    Michael Raibin
    020 7101 2020
    07880 795 679
    Michael.Raibin@colliers.com
  11. SHELDON BUILDING, 1 BALTIC PLACE, KINGSLAND ROAD N1
    SHELDON BUILDING, 1 BALTIC PLACE, KINGSLAND ROAD N1
    SHELDON BUILDING, 1 BALTIC PLACE, KINGSLAND ROAD N1
    SHELDON BUILDING, 1 BALTIC PLACE, KINGSLAND ROAD N1

    Own Your Own Office Next To The Regent’s Canal

    25 September 2017
    It's an all too rare occurrence to find high quality office space that you can own rather than rent, but at Baltic Place in London's buzzing East End, an opportunity does exist. Directly fronting Kingsland Road at the junction of the Regent’s Canal, this ground floor office studio is for sale on a 993 year lease – an ideal solution for an enterprise looking to acquire an asset as well as premises.
    Extending to 1,479 Ft², Unit 2, The Sheldon Building, 1 Baltic Place, Kingsland Road N1 has a fantastic double-width glass frontage with direct street access and an integral reception area. It’s the perfect place for a business to advertise itself to passers by, with large floor-to-ceiling windows affording visible signage possibilities. Alternatively, the frosted film currently in place ensures privacy while still capturing excellent natural daylight. All the windows are fitted with integral security shutters.

    Primarily one large open space, the office also incorporates a superb private meeting room with a full-height glass wall to the main office space and full-height full-width window to the rear, beautifully offset by a geometric tiled ceiling of anthracite hexagons. 

    The interior has been well looked after by the present occupier and has an excellent specification that delivers a sleek a minimal aesthetic. Highlights include: a smart kitchen built along an entire wall; polished concrete floors with heating beneath; designer WC and shower facilities; modern suspended light boxes; air conditioning with concealed ducts and a useful storage area to keep the main space clear of clutter. 

    The unit also includes one parking space and another is available by separate negotiation. 

    Baltic Place was developed as a mixed-use scheme, providing a combination of residential and commercial units. As part of its sociable context, the building also has a large communal roof terrace for all its occupants to enjoy.

    Just a few minutes walk from Haggerston Overground station and with plentiful bus routes passing the door, Baltic Place is easy to get to and sits in a bustling and thriving neighbourhood offering some of the coolest bars, cafés, restaurants in East London. Local eateries within walking distance along the Regent’s Canal are; Towpath Café, The Barge House, Arepa & Co, Proud East, By the Bridge Café and Waterhouse to name but a few. Whatever your taste, you’ll find it well and truly satisfied.


    The office is for sale at £1,150,000 +VAT.

    The Author

    Emma Higgins
    0207 101 2020
    07769 605 295
    emma.higgins@colliers.com
  12. Bending the rules: flexible terms secured for fast-growing tech firm

    25 September 2017
    Bending the rules: flexible terms secured for fast-growing tech firm
    TabMo is a growing tech firm that helps agencies and advertisers deliver large-scale mobile campaigns using a programmatic platform that allows its users to design and manage their entire creative productions and purchasing processes. 

    Founded in 2013, the company was seeking to relocate out of its current conventional lease on offices in Dufferin Street and secure new premises on flexible terms where they could vacate again in the event of rapid (and expected) expansion. 

    To help them find their new office, TabMo enlisted the help of the Colliers Tenant Representation team. The brief was to stay in the neighbourhood in a space they could brand with their company logo and colours. A completely self-contained office with its own entrance was also on the wishlist along with proximity to rail and underground services.  All of this whilst needing flexibility of term – no longer than 12 months – to remain agile in line with business needs. 

    Never ones to pass up a challenge we set about our work and, after shortlisting a number of options, we settled on 1200ft2 with big 1920s windows, lots of natural light and a fine outlook over the peaceful St Botolph-without-Bishopsgate Churchyard. The self-contained office has an open-plan workspace with room for 25 people – and that TabMo can brand – along with a smart kitchen and a dedicated meeting room, all within walking distance of Liverpool Street station. 

    The space and location were perfect, but the price was above the assigned budget. However, our Tenant Representation team worked hard on TabMo’s behalf to secure a deal the company was financially comfortable with. 

    Brief most definitely fulfilled and perhaps best summed up in the words of Chris Childs, TabMo’s MD: 

    “Mark at Colliers was extremely efficient in finding us our new office space. He clearly understood our requirements and was able to shortlist some extremely suitable locations. His knowledge of the market meant that we were never looking at areas outside of our requirements in terms of cost and suitability for our business. This was the easiest new office search we have had yet. When we next move we will certainly use Colliers again.”

    Flexible workspace has truly evolved in recent years, moving away from bland serviced offices and into vibrant and inspiring working environments. If you’d like to find out whether flexible workspace could work for your business, why not give one of our team a call.  

    The Author

    Mark Bott
    0207 101 2020
    +44 7879 890 115
    Mark.Bott@colliers.com
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