Thursday, March 28, 2024

Flex office operator targets significant growth with four new sites

Cubo, the flex office operators, has announced plans to open four new sites by the end of Q2 2023.

The privately owned boutique operator currently operates in Derby, Nottingham, Birmingham, Leeds and Sheffield and plans to almost double its footprint over the coming months.

As part of the company’s aggressive growth plans, prime locations in Edinburgh and Manchester have been identified and selected, alongside additional sites in Birmingham and Nottingham, where it already operates.

Plans are now underway to launch in each of those core cities by the summer.

Cubo was launched in 2020 and is rapidly establishing itself as a key provider of high-end flex office and co-working space in the Midlands and Yorkshire.

The company, which was launched by property investors Marc and Rebecca Brough, provides an experience-led lifestyle offer to meet the changing needs of businesses – from hot desking to a designated desk, private office, or entire floor, all available on flexible terms.

Member benefits include large communal spaces, private areas, break-out spaces, kitchens, an inclusive barista service with beer on tap, along with a programme of free networking events.

These latest expansion plans come at a time where the flex office market is experiencing unprecedented growth with demand for serviced space growing by 25% in 2022 alone.

Commenting on Cubo’s expansion plans, Marc Brough, CEO of Cubo, said: “After enjoying a hugely successful 2022, we have taken the decision to accelerate our expansion plans to meet the growing needs of both existing members and other corporate occupiers who have committed to work with Cubo as the business grows a nationwide platform.

“Whilst we are currently working on the launch of four new workspaces, we are also earmarking other provincial cities where we want Cubo to have a presence and more announcements will be made in due course.

“Cubo is a becoming a highly sought after space for many businesses because of its unique way of working and opportunities. We look forward to capturing more of the market for hybrid working in 2023 and beyond.”

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