19.9 C
Manchester
Friday, July 11, 2025
BlogW_RKSPACE expands in the North West

W_RKSPACE expands in the North West

North West serviced office provider W_RKSPACE has continued to grow its portfolio of flexible commercial spaces with the acquisition of its fourth property, with support from a six-figure funding package from Lloyds Bank Commercial Banking.

W­­­­­_RKSPACE already owns three serviced office blocks in Preston and has now made its first move into Bolton with a deal to buy Hamill House on Chorley New Road.

With the site already approaching full occupancy, the new property is expected to boost W_RKSPACE’s turnover by 25 per cent. Hamill House includes 25 modern offices with suites accommodating start-ups and SMEs of up to 20 employees.

Founded two years ago, W_RKSPACE is set to further expand its portfolio of flexible work spaces in the region and is seeking additional investment opportunities in Lancashire and Greater Manchester.

Its portfolio in Preston includes The Watermark, The Old Docks House and Preston Enterprise Centre.

W_RKSPACE managing director Rizwan Seth, said: “Hamill House is already a well-established serviced office in the heart of Bolton’s professional district. With 95 per cent occupancy, it presents an ideal growth opportunity for our brand.

“We’re looking to continue building the W_RKSPACE portfolio by adding another two or three centres in Lancashire and Greater Manchester, which we’ll do in a sustainable way with the right fit for the group.

“Lloyds Bank has supported us since the beginning and we have an excellent long-term relationship with the team there.”

Johnathon Townsend, relationship manager at Lloyds Bank Commercial Banking, said: “This latest acquisition is a great move for W_RKSPACE and the group’s growth reflects the growing popularity of serviced offices, which offer tenants a great deal of flexibility.

“We’ve pledged to lend up to £1.3 billion to North West firms like W_RKSPACE in 2019 to help them make key investments for growth, such as carrying out acquisitions. It’s just one part of our commitment to helping Britain prosper.”

Latest

Your Help Hub Extends Handyman Services Nationwide Amid Surging UK Demand

Your Help Hub, a fast-growing name in home maintenance and improvement, has launched its handyman services nationwide to better serve the needs of customers...

Reliable auto locksmith services in Manchester: Everything you need to know

Car keys are essential to our daily lives, yet they are more vulnerable than we might think. In the lively city of Manchester, where...

Hillbrush Debuts Tornado Broom Range for Tough Outdoor Cleaning Environments

Hillbrush has launched its innovative Hillbrush Tornado Range — a robust, modular broom system designed to raise the bar for strength, reliability, and outdoor...

Blaugranagram Partners with 101 Great Goals to Deliver Deeper Fan-Focused Football Content

101 Great Goals has officially entered into a strategic content partnership with Blaugranagram, aiming to enrich the football experience for fans by combining their...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Hillbrush Debuts Tornado Broom Range for Tough Outdoor Cleaning Environments

Hillbrush has launched its innovative Hillbrush Tornado Range — a robust, modular broom system designed to raise the bar for strength, reliability, and outdoor...

Your Help Hub Extends Handyman Services Nationwide Amid Surging UK Demand

Your Help Hub, a fast-growing name in home maintenance and improvement, has launched its handyman services nationwide to better serve the needs of customers...

Reliable auto locksmith services in Manchester: Everything you need to know

Car keys are essential to our daily lives, yet they are more vulnerable than we might think. In the lively city of Manchester, where...

More News

Mobile Cloud Mining App by AIXA Miner Set to Transform Crypto Access in 2025

AIXA Miner has unveiled its official mobile cloud mining application, signalling the beginning of a more flexible and user-friendly era in cryptocurrency mining. The platform,...

How Manchester’s Tech Startups Are Powering Growth with Headless CMS Architecture

In no time at all, Manchester has emerged as one of the UK's leading technology hubs. The city is home to a vibrant startup...

St George’s Day parade returns to Manchester

The St George's Day Parade, a beloved fixture in Manchester's event calendar for nearly two decades, returns on April 27 with its vibrant celebration...