Citibase prepares for Elizabeth Line boost with the opening of a new flexible office hub in Slough03/05/2018
Citibase, The Property Manager for the New Economy, is meeting the soaring levels of demand for flexible work space in the Thames Valley area with its latest vibrant new office hub in the heart of Slough. The centre has potential to provide almost 13,000 sq ft of flexible and affordable fully serviced office space, housing up to 220 SMEs, entrepreneurs, start-ups and larger corporates.
Citibase Slough is located in the landmark Urban Building, moments from the town centre. With a modern reception and contemporary café on the ground floor, the centre is flooded with natural light. Its stylishly designed interiors offer an inspiring and collaborative workplace environment with unique features such as ‘urban beach hut’ meeting rooms and exposed metal floors. Reflecting the recent increase in demand for open, collaborative working, Citibase will offer both areas for co-working as well as self-contained office suites.
Slough is Citibase’s ninth new business centre launch in the past 12 months, reflecting a hunger from the UK business community for its flexible, fully serviced offices. It is the company’s third centre in the Thames Valley area, following last month’s opening of the new Citibase High Wycombe, and Citibase Reading, which is housed in the stunning, Grade II listed Wyvols Court set in landscaped grounds in the heart of the Berkshire countryside just south of Reading.
The centre’s launch is reflective of Slough’s status as one of the country’s premier business districts, having been named the best place to live and work in the UK last year . Regeneration worth £1 billion over the next 25 years has attracted a huge amount of businesses and lucrative investments to an area that already boasts international names such as O2, Unilever, KP Snacks, McAfee and Ferrari.
The town’s excellent transport links are also a major draw, with London Paddington accessible in just 19 minutes. Next year’s opening of the Elizabeth Line (Crossrail) will also play a huge role in the continual transformation of the area, offering services to Bond Street in just over 30 minutes. Heathrow Airport T5 is also just seven miles and 15 minutes away.
Citibase CEO Steve Jude, comments: “Citibase Slough is the latest example of a client awarding us a management contract to transform part of their building into a thriving hub of start-ups, SMEs and entrepreneurs as well as larger corporates. This time we have done so in partnership with one of the UK’s biggest property funds, who decided to set aside dedicated space in their building specifically for a flexible office operator. Citibase Slough will introduce a vibrant and diverse mix of occupiers to the building, which is exactly what the owner desired when they appointed us, delivering them a regular income stream as a result.
“Flexibility and agility are now top priorities for businesses both large and small. This is clear in the results of our recent exclusive Citibase Business Confidence Index, which revealed a massive 72% of the over 1,000 SMEs surveyed telling us that they wanted short-term office contracts of under three years. This is not a trend that shows any signs of slowing, with CBRE reporting recently that 64% of occupiers expect to expand in flexible office space over the next three years.”
As with Citibase’s other business centres throughout the UK, Citibase Slough offers flexible, short term and affordable contracts. As well as co-working areas, suites are offered in various sizes, from one person to much larger spaces, making it ideal for businesses at every stage of their development and appealing to SMEs who are often deterred by long term office contracts. Customers will also benefit from superfast internet, use of smart meeting room facilities, 24/7 access, personalised call handling, and friendly reception and business support services from specialist Concierge teams.
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