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Monday, February 17, 2020

New tenant takes 26,400 sq. ft in Marischal Square development

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Creative working environment provider, Spaces, has become the latest occupier to take space at Aberdeen’s Marischal Square development, taking 26,400 sq. ft on the first floor of the 1MSq building.

Spaces offers a variety of flexible workspace solutions to suit the needs of small businesses, including a full calendar of business events, speakers and networking lunches.

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Spaces becomes the 11th major business to take space at Marischal Square and will join RBS, Aberdeen Journals, NHS National Services Scotland, Tenaris, Mackie’s, All Bar One, Prezzo, Costa, Tony Macaroni and Marriott International on site.

Richard Morris, UK chief executive officer of Spaces, said: “Demand for flexible office space is growing rapidly – our research shows that 53% of professionals globally now work remotely for at least half their working week and 30% of corporate real estate portfolios could be flexible workspace by 2030.

“People are recognising that they are far more productive and successful in a dynamic working environment, while businesses are waking up to the financial and strategic benefits. Spaces offers a new type of workspace for companies and individuals looking for a place to work flexibly and be inspired by other like-minded people.

“We are delighted to be opening this new site in Aberdeen. This offers the best of what the city has to offer to businesses and local entrepreneurs, with plenty to do both within the Marischal Square development and outside of the office.”

Aberdeen City Council Co-Leader Councillor, Jenny Laing, said: “The steady flow of tenants choosing Marischal Square demonstrates the appeal and advantages to business of being part of such a major regenerative project.

“Business leaders can see the quality of the buildings and the amenities Marischal Square has to offer and they understand that their colleagues can benefit from a vibrant working environment.

“Spaces will attract a diverse range of dynamic and forward-thinking small businesses to the area and further enhance the business community in this part of the city.”

Stephen Turner, regional director, Scotland, at Muse Developments said: “Adding a multi-national market leader such as Spaces to the portfolio of businesses at Marischal Square, illustrates the development’s high quality.

“Spaces brings real opportunity for clients who wish to establish themselves in the heart of the city. As businesses choose more flexible ways of working, Marischal Square can offer the accommodation they need, tailored to their requirements.”

Commercial property agents CBRE acted for Spaces, while Ryden and Savills represented Marischal Square project partners, Muse Developments, Aberdeen City Council and Aviva Investors.

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