August opening for Spaces in Sheffield
The brand, owned by IWG, will operate a 34,000 sq ft flexible workspace offer at the Pennine Five campus.
IWG, the world’s largest provider of hybrid working solutions, with Regus also within its stable, said that demand for hybrid workspace continues to soar.
The £4.3m fit-out at the 1970s Tenter Street block, formerly home to HSBC in the city, is close to completion and will feature private offices, coworking access, around 150 meeting rooms, collaborative spaces and a club lounge.
RBH Properties acquired the building after HSBC’s departure.
IWG believes Pennine Five is the ideal location for its continued expansion in South Yorkshire and beyond.
Mark Dixon, chief executive and founder of IWG, said: “We are establishing a stronger and much-needed footprint in Sheffield with this latest opening and are very pleased to be partnering with RBH Properties.
“As an important business hub, Sheffield is a fantastic place for us to boost our network. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal.
“This latest opening comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”
Since taking ownership of the five empty office blocks that make up ther Pennine Five complex in 2019, RBH has instigated a comprehensive refurbishment.
This includes a £1.5m outdoor central pubic plaza, which will complete this summer and be open to both on-site businesses and the wider community.
Jeremy Hughes, director at RBH Properties, added: “We’re hugely excited to see Spaces open next month. The fit-out is looking great and the brand really aligns with what we’re doing at Pennine Five. Alongside our other occupants, the campus is becoming an inclusive focal point for businesses of all sizes and sectors.
“Servicing up to 850 professionals and delivering round-the-clock footfall, Spaces will be a game-changer for the complex and moves the needle significantly towards a brighter future for this district of Sheffield.”