Flex workspace provider, Cubo, has been identified as the fastest-growing operator in the UK flex office market by CoStar, leaders in commercial real estate information.
Over the past two years Cubo has accounted for 33% of all flexible workspace leasing activity across the Big Six regional cities of Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester.
This figure is way in excess of the activity of more established operators, such as global workspace giant IWG and Orega, who have achieved 13% each.
According to CoStar’s analysis, flexible workspace continues to grow in popularity across regional markets. While leasing activity by more established operators has slowed, newer entrants like Cubo have seen their market share increase.
This compares to the previous five years when IWG, which owns the Regus and Spaces brands, accounted for just over 40% of leasing activity. However, in the last two years, this figure has dropped to 13%, leaving room for dynamic operators like Cubo to thrive.
This recognition highlight’s Cubo’s rapid expansion and commitment to redefining the workplace experience.
Following a year of sustained growth, during which Cubo opened three sites, the company has announced plans to expand its footprint by 30% year-on-year and venture into European markets, a growth strategy backed by investment firm Literacy Capital, who took a significant minority stake in the business in 2023.
In less than five years, husband and wife team Marc and Becky Brough have acquired 350,000 sq ft of office space over 13 sites.
Recent milestones include establishing a presence in Manchester with two floors at The Lincoln, followed by the acquisition of the former Manchester office of WeWork at Spinningfields and securing space in the Aurora, Glasgow, one of Scotland’s most sustainable office developments.
Most recently Cubo expanded into the London market with the launch of its new workspace at Soho Estates’ Ilona Rose House, W1.
The acquiring agents are Derby-based commercial property specialists Rigby & Co.
Commenting on CoStar’s recent analysis, Marc Brough, CEO of Cubo, said: “This is a brilliant achievement, but we’ve only scratched the surface. Cubo just keeps growing faster and faster.
“A combination of controlling the best in class, Grade A locations in the UK’s top performing cities, together with an unbelievable sales and operations team, is now delivering the level of results which I’m confident will continue to outperform all other operators on a like-for-like basis.
“Cubo is about creating high-end, innovative workspaces where businesses and their teams can thrive. As we continue to expand, we remain committed to delivering exceptional experiences that support productivity, wellness, and growth.
“We’re excited to continue driving growth and supporting occupiers across the UK.”
Upperton Pharma Solutions, the contract development and manufacturing organisation (CDMO), has completed the build of its new sterile manufacturing facility in Nottingham.
The new 7,000 sq ft facility is in addition to its existing 50,000 sq ft facility, Trent Gateway.
The expansion is a natural progression for Upperton which already develops and manufactures small molecule and biological, non-sterile, oral, nasal and pulmonary dosage forms from early development to late-stage clinical manufacture for global biotech and pharmaceutical companies.
Nikki Whitfield, Chief Executive Officer at Upperton, said: “We are delighted to complete the build of our sterile facility.
“The combined experience of our leadership team in sterile facility builds and subsequent operations ensures that we are ideally placed as a CDMO partner of choice for small to mid-sized biotech and pharma looking to get into the clinic quickly with fast access to sterile manufacturing services.”
Jon Austwick, Director of Quality and Compliance at Upperton, said: “This expansion illustrates our continued investment in our capabilities to support drug developers to scale and accelerate the path to delivering safe and effective medicines to patients.
“The facility has been built with the highest level of quality and is a testament to our internal teams and build vendor who have worked tirelessly over the past 12 months to bring our vision to life.”
Work has started on transforming a former restaurant in Derby’s Cathedral Quarter into new headquarters and a community hub for young people and their families affected by child exploitation.
Derbyshire’s specialist child exploitation charity, Safe and Sound, has appointed family-owned Davlyn Construction, based in Shaftsbury Street, to complete the refurbishment of the former Thai Dusit restaurant in Bold Lane.
The construction project, which is due to be completed around Easter, will include a ground floor community hub where young people and families can engage with an expanded range of support services and activities to help them re-build their lives.
The other two floors will include space for 1-2-1 and group support, meetings and workshops as well as office accommodation for Safe and Sound’s team and volunteers who are based there. There will also be provision for other local charities to use space to deliver their services.
The project has been made possible by £250,000 funding from the Department of Levelling Up, Housing and Communities’ Community Ownership Fund.
There have been further donations from businesses and organisations as well as several services provided pro bono including Cawarden, a specialist contractor based in Ockbrook, who helped clear the building to make way for the start of construction work.
The charity is also busy raising funds under its on-going Butterfly Appeal to buy equipment for youth and family therapy activities as well as special features to make the building welcoming for all.
CEO Tracy Harrison explained: “The Bold Lane premises will be an amazing centrally-located community asset and safe space for children and young people who are at risk of exploitation as well as their families.
“Since the confirmation of funding last year, we have been busy scoping out the work that needs to be done and choosing a contractor through a competitive tender process.
“Davlyn Construction really understand our vision for creating a flexible, safe and welcoming space for our young people and families as well as staff and volunteers.
“There is a lot of work to be done but we are excited to see the refurbishment work develop and to start planning our official opening this Spring.”
Davlyn Construction site manager Ellis Boyall added: “We are delighted to be working with Safe and Sound on this project which will bring an empty property back to life and contribute to the overall regeneration of this important part of the city centre.
“There are many challenges in this project but, as a long-established family-owned business with more than 50 years’ experience, we have the expertise and track record to bring this to fruition on time and within budget.”
Safe and Sound works with children as young as seven, young people and their families across Derbyshire whose lives have been affected by child exploitation including online grooming, sexual exploitation, County Lines, trafficking, modern slavery and radicalisation.
The charity is currently based in rented offices in Darley Abbey, a community hub in Allenton, and rents further space for further activity and therapy work.
Last year, Safe and Sound supported a record 343 children and young people who have been victims of or at risk of child exploitation. The charity largely works with 7-18 year olds but includes up to 25 if there are special educational needs and or disability (SEND) issues or children leaving care.
Safe and Sound offers a range of innovative, hands-on programmes to help young people understand what has happened to them, rebuild their confidence and move onto a place of emotional safety, protected from further harm.
Safe and Sound chair Mark Richardson, who is a director of BBJ Commercial, has been working with fellow trustees, CEO Tracy Harrison and key partners in the city to bring the vision to reality.
He concluded: “The start of work on the Bold Lane property is a significant milestone for the charity, the wider voluntary sector and for the vibrancy of the city centre.
“I am delighted that we have found the premises that will be the long-term home for everyone who works at and is supported by Safe and Sound as well as providing much needed accessible space for other organisations supporting some of the most vulnerable people in our local communities.”
Streets Chartered Accountants, a Lincolnshire-based top 40 UK professional service firm, has established Streets Hackett Griffey LLP.
It follows the merger of the well-established Haverhill practice of Hackett Griffey Chartered Certified Accountants with Streets Chartered Accountants.
This latest merger sees Streets establish a greater footprint in the East of England.
When asked about the merger, Jon Griffey, Partner at Streets Hackett Griffey, said: “The firm was founded in 1984 by Philip Hackett but our roots can be traced back to the 1950s, making us by far the longest established firm in Haverhill and the surrounding area.
“As such when myself and fellow partners Simon Iron and Nicky Harris were looking at a merger with a larger firm, it was important that we considered and were able to retain a local presence and personal service that our staff enjoy and clients expect.
“We chose to merge with Streets as they are a very well respected and established firm and we are delighted to say they share the same client focussed ethos as we do which makes them somewhat unique amongst larger firms.
“Streets are not private equity backed and have no interest in being so, which offers long term security for our staff and clients.
“The need to look at a merger was driven by the fact that to remain competitive; to service the needs of clients and to look after our staff now and in the future, we need to be part of something bigger.
“Being part of Streets offers economies of scale and a wide range of expertise and other services, the benefits of which we can pass onto our clients. They also offer sector specialisms such as agriculture, technology, legal and entertainment which will enable us to attract clients that require a more specialist service.
“They also have a strong presence and so were the perfect fit for us.
“The merger will offer much greater career prospects for our staff as Streets are keen to promote rising stars and offer opportunities to do more specialised work if they so want.”
Looking at what the merger means to Streets, the firm’s Managing Partner, Paul Tutin, said: “We are delighted to have partners Jon Griffey, Simon Iron, Nicky Harris and their colleagues join the practice. It is especially pleasing to see and experience the mutual benefits and synergy to be had through firms like ours coming together.
“It certainly is important to us and those firms we come together with to share the same ethos and values and to have a real sense of community in terms of that in which we live, work and for the clients we look after.
“Following on from the merger of the Colchester and Essex practice of Whittles, now Streets Whittles, as well as Mitch Consulting, the specialist tech start up and scale up accountancy practice in the East of England, we have been keen to increase our presence locally.
“With Hackett Griffey joining the practice we are truly becoming a significant player in the region. With our regional approach forming part of our overall strategy to be a substantial UK practice.
“We continue to find that firms we talk to and that merge with us like our approach, which is very different to the private equity led deals, as we seek to build on the success of the existing practice and empower individuals to drive and lead on their future growth and success.”
Streets Law, the firm’s dedicated corporate and commercial law offering led by Managing Director and Solicitor, Adam Aisthorpe, undertook the legal work on behalf of Streets for the merger, including drafting the sale and purchase agreement and dealing with the due diligence process in collaboration with internal colleagues in the tax and audit teams at Streets.
Bellway Strategic Land’s Central region has secured outline planning permission for up to 450 new homes on the edge of Rushden, which will bring more than £4 million of investment in local services and infrastructure.
Outline planning permission for the 58-acre site off Bedford Road, at the south-eastern end of the town, was granted by North Northamptonshire Council. Bellway’s Northern Home Counties division is now preparing reserved matters applications, which it aims to submit in spring 2025.
Bellway Strategic Land first entered into an agreement with the landowner to promote the site in summer 2020, with a draft allocation secured within the emerging Local Plan Part 2 for East Northamptonshire early the following year.
The submission of an outline planning application quickly followed with members resolving to grant planning permission at a planning committee in autumn 2023, ahead of the formal adoption of the Local Plan in December that year.
Matt Smith, Senior Strategic Land and Planning Manager (Central) for Bellway, said: “We are pleased to have secured outline planning permission to create a brand-new neighbourhood on the south-eastern edge of Rushden.
“This consent is the result of extensive discussions with North Northamptonshire Council, and other stakeholders, to bring forward a high-quality scheme which will provide much-needed new private and affordable homes and a range of other benefits to the local area.
“To secure an adopted housing allocation and subsequent permission so quickly is swift progress for Bellway and our landowner in an increasingly challenging planning environment. It is a real demonstration of our team’s ability to manoeuvre quickly and successfully through the planning process.”
As part of the S106 agreement attached to the outline planning permission, Bellway has committed to investing more than £4 million towards local services including schools, sports provision, libraries and bus services, as well as providing 30 per cent of the homes as affordable housing for local people.
The development will include two new play areas, new cycleways, footpaths and a community building, which could accommodate a shop, community hall or health facility. More than 40 per cent of the site will be retained as public open space with provision also made on site for Biodiversity Net Gain.
Nearly £200 million is set to come to the East Midlands for transport across Derby, Derbyshire, Nottingham, and Nottinghamshire.
This significant funding – comprised of several different sources – has been given to East Midlands Combined County Authority (EMCCA) from the Department for Transport and is for the year 2025/26.
It includes a new pot of money specifically for Mayoral Combined Authorities: an extra £66 million, on top of last year’s commitments, which pushes the transport budget for next year to nearly £200 million.
This will allow EMCCA to invest in creating better connections between cities, towns and rural areas, making it easier and cheaper to travel around the whole region. It will help give people more choice on how they travel and will make networks safer and improve public spaces.
It will further support major network improvement schemes and improve the reliability of bus services, making them more accessible for everyone and providing better facilities and information for passengers. It will also help to move to fully zero emission bus fleets and support the development of and connectivity to the region’s growth zones.
More money will also go towards highway surface improvements – a local authority responsibility – so they can fill potholes and improve roads.
Mayor of the East Midlands, Claire Ward said: “I am delighted we have been given this additional funding to invest in our roads and local transport programmes across the region.
“This is more than filling potholes and getting people from A to B, it’s about transforming lives and communities, and it will give us a fantastic opportunity to connect people across the region and make it easier to access jobs, skills training, health appointments, and our incredible tourist attractions.
“We will work closely with key partners and councils to make sure every penny of this funding makes a difference. The ambition is to create the best possible transport system for the East Midlands and this funding will help us towards achieving this.
“We want to transform transport opportunities for all those who live, work and do business in our region, as well as those who come to visit our amazing places – creating a region where everyone has the chance to succeed.”
The funding is both capital and revenue and is derived from the following sources: Highways Maintenance, Integrated Transport, Active Travel 5, Bus Service Improvement Plans (BSIP), City Region Sustainable Transport Settlements 2 – early release.
A Northamptonshire luxury boat maker has fallen into administration, only weeks after gaining new ownership.
Oundle-based Fairline Yachts, which was founded in 1967, has entered into insolvency proceedings after its main lender, DF Capital, triggered the appointment of administrators Alvarez & Marsal (A&M), according to reports from Sky News.
It comes after Hanover Investors sold its interest in Fairline Yachts to Arrowbolt Propulsion Systems, the clean propulsion technology company.
At the time Arrowbolt appointed experienced industry executive Peter Hamlyn as CEO of Fairline, who said: “We look forward to aligning the business with our long-term vision to be a clean and sustainable marine brand.
“However, to be clear, the industry faces a number of economic and market challenges, and we will be assessing the current business before making any strategic long-term investment decisions.”
Michael Magnay, joint administrator to Fairline Yachts Limited, told Sky News the business is continuing to trade as usual, with no redundancies at this time. A sale of the business is being pursued.
A court has fined Northampton-headquartered builders’ merchant Travis Perkins £2m after part of a timber load fell off one of its lorries and into the windscreen of an oncoming car, tragically killing the driver.
The firm admitted three offences contrary to the Health and Safety at Work Act and sentence was passed at Hove Crown Court.
On May 13, 2020, father-of-three Jack Stevens, 28, who was driving a BMW, died when a strip of timber came loose from a Travis Perkins vehicle on the A26 after it left the company’s Newhaven depot.
The court heard how only a single strap was used on the load which did not adequately secure it, and the lashing was insufficient.
Lewes District Council conducted an investigation, working collaboratively with the Health and Safety Executive, and brought about the prosecution.
Councillor Christine Robinson, Deputy Leader and Cabinet Member for Community Wellbeing at Lewes District Council, said: “While we welcome the substantial fine imposed today, it remains an absolute tragedy that Mr Stevens, a much-loved father-of-three, died in this entirely preventable case.
“Our thoughts remain with his family and friends.
“I hope our prosecution sends a strong message to businesses that it is of the utmost importance they adhere to health and safety legislation to ensure that something like this never happens again.
“I am grateful for to our officers for their rigorous investigation and professionalism in pursuing this prosecution over a lengthy period, working collaboratively with the Health and Safety Executive.”
The court awarded £85,000 costs.
Revenue is on the rise at Microlise Group, the Nottingham-headquartered provider of transport management software to fleet operators, following a year of international growth.
In a trading update for the year ending 31 December 2024, the business revealed revenue is expected to increase by 12.9% to £81m, up from £71.7m in 2023, with adjusted EBITDA ahead of market expectations at £11.3m (up from £9.4m in 2023).
2024 marked a year of international expansion for the company, with new direct customers secured in Australia, New Zealand and France.
The business added 375 new customers in the year, including WooliesX in Australia, GSF in the UK, Foodstuffs South Island in New Zealand and STAF in France. Microlise also renewed key relationships, including a five-year extension with JCB.
2024 additionally saw the acquisition of K-Safe and the completion of the acquisition of Enterprise Software Systems (ESS) in January.
Nadeem Raza, CEO, Microlise, said: “The business demonstrated growth across all geographies, and the addition of newly acquired products enabled us to provide more solutions to existing customers. We have signed several new TMS contracts, following the acquisition of ESS at the start of the year, which is particularly pleasing.
“The business responded well to the cyber incident in October, resulting in minimal impact to the forecast FY24. I would like to thank all our staff for their hard work and dedication in restoring services for our customers, and our customers for their patience and understanding during this period.
“The outturn for 2024 shows a strong business with a healthy pipeline and puts us in a great position to take advantage of opportunities in 2025.”
Indurent, a developer and operator of industrial and logistics space across the UK, has leased a 184,000 sq ft Grade A unit in Wellingborough to global engineering firm CTDI. The 10-year lease at unit W184 means Indurent Park Wellingborough is now fully occupied.
CTDI delivers technical engineering, network infrastructure and supply chain solutions to some of the world’s largest tech and telecoms businesses, and employs over 20,000 people globally.
The unit provides 184,000 sq ft of flexible warehousing alongside operationally net zero office space. It includes over 180 HGV and car parking spaces, 32 of which are equipped with EV ports. The unit has achieved BREEAM ‘Excellent’ accreditation and is EPC A+ rated.
Its rooftop PV panels have the capacity to deliver significant energy cost savings estimated by Indurent to be up to £163,000 per year, with smart LED lighting also delivering a 75% reduction in energy consumption versus standard lighting.
Indurent Park Wellingborough is part of the £1 billion Stanton Cross development, which will deliver 3,650 new homes alongside community facilities and a range of employment spaces.
Ben Silcock, Senior Development Manager at Indurent, said: “We have delivered a significant volume of high-quality modern warehousing in the East Midlands, which is one of the UK’s most in-demand industrial and logistics markets owing to its exceptional nationwide transport links and strong regional consumer and worker catchment.
“This commitment from CTDI underlines the appeal of our estate in Wellingborough as a base for high-tech businesses seeking to expand their presence in the UK.”
Matthew Bull, Vice President Broadband & UK Mobility Division at CTDI, added: “We are excited to open our newest facility in Europe in Wellingborough and bring exciting jobs with great technical innovations to the local people.
“This facility is beautiful and we are creating a great place for people to work and the facility itself ties in nicely with our sustainable goals. We are looking forward to growing locally over the coming years.”
CTDI’s lease was completed within just six weeks of the agreement being reached and entering into legals, with Louch Shacklock acting as agent.
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