The Smith, 145 London Road, Kingston KT2
Will Kinnear has advised the owner of The Smith, London Road, Kingston-upon-Thames on a management agreement with flexible workspace operator, The Boutique Workplace Company.
HEWN advised the owner on the options available for flexible workspace and space-as-a-service in the building and introduced a number of relevant flexible workspace operators. After a competitive process, The Boutique workplace Co. were chosen as the preferred partner to provide both a flexible workspace operation and space-as-a-service opportunities in the building.
The Boutique Workplace Company is to a new flexible workspace offering in Kingston-upon-Thames after signing a partnership agreement with a private landlord.
The management agreement is part of a long-term strategy by the serviced office specialist to sign new buildings and take a share of the profit with other landlords in key London locations as well as regional sites following the recent shift of occupiers relocating closer to home.
Daniel Wheble, Chief Executive Officer of The Boutique Workplace Company commented: “As a business we aspire to lead the way for flexible working and private office solutions. In a world where flexible work patterns are increasingly becoming the norm, we are keen to look for synergies with landlords whose schemes would benefit from serviced office space, but they themselves don’t perhaps have the experience or scale of businesses to operate one. We have a ready-made stand out, design led model and brand, which is far more than just four walls. This is a joint approach from which both parties will benefit.”
The Kingston-upon-Thames workplace is set to open early Spring 2021 and will offer 230 workstations, within 13,500 sq ft at ground and part first floor level of the recently developed 40,000 sq ft “The Smith” building. This is also a unique proposition for the leading provider because they have a mandate to source occupiers on short-term leases or managed deals on the remaining 25,000 sq ft of the property.
Boutique currently operates 30 workplaces across London which includes their newest location opening this month at 12-18 Theobalds Road in London’s Midtown. Once again this is a JV arrangement with a prominent landlord in the capital.