Flexible workspace provider x+why has agreed a deal to open a second base in Birmingham.
The London-based company will be opening a facility on the Brindleyplace estate after agreeing a joint venture with landlord Hines to operate 40,000 sq ft in 6 Brindleyplace.
It follows the news in July that it had signed a lease to operate 31,500 sq ft at the new 103 Colmore Row office block which is due to open once construction of the 26-storey building completes.
As part of the agreement, Hines and x+why will invest jointly in the new Brindleyplace facility which will provide space for hot desking and private offices of various sizes.
BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.
Click through here to sign up for our daily email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.
We will also send out ‘Breaking News’ emails for any stories which must be seen right away.
For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here.
There will also be areas for video calls and phone booths, collaborative spaces, communal lounge facilities and meeting rooms.
Rupert Dean, chief executive of x+why, said: “When we have been looking for options outside of London to expand our business, it was important to us we chose locations which gave us the best opportunity to meet our targets and provide spaces which go far beyond only providing space in which to work.
“We know the office is not just about a place to be from 9 to 5pm but a place to build culture, learning, mentorship, collaboration and fun.
“This building, at the heart of Brindleyplace, combined with the values alignment we have alongside Hines, makes this a really exciting opportunity for us and one we cannot wait to bring to life.
“Moving to Birmingham and Brindleyplace is a hugely exciting step and we’re really looking forward to welcoming tenants to what will be a hugely innovative and design-led space early in 2022.”
Raj Rajput, Hines’ managing director of asset management in the UK, added: “We’ve had a great deal of interest in the space at 6 Brindleyplace from a range of flexible workspace providers.
“Our priority was to work with a business which would bring added value to the wider estate while aligning with our core values and x+why fits the bill perfectly.
“We have seen increasing demand for flexible workspaces from companies of all shapes and sizes, particularly since the onset of covid-19 as companies readjust and plan ahead for the future of their working environments.”
Savills acted on behalf of Hines in the agreement.