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As demand grows for flexible workspace, commercial property developer, Landsec, has committed to opening three new Myo locations across London before the end of the year, tripling the size of its flexible office brand to over 210,000 sq ft.
The three new sites will open at New Street Square, 45,000 sq ft, One New Change, 46,000 sq ft and The Forge, 48,000 sq ft, later this year offering high quality, flexible and fully serviced space for businesses across the capital. Landsec is also exploring opening a fourth site at Lucent, its new office scheme located directly behind the iconic Piccadilly Lights, which would add an additional 23,000 sq ft to Landsec’s flexible office portfolio.
At two of the new locations, New Street Square and The Forge, Myo will occupy the entire buildings. Both buildings will be all-electric and all new Myo locations are designed in line with the WELL Building standard to deliver healthy and productive environments.
The expansion makes significant progress against Landsec’s strategy and builds on the success of Myo’s two existing sites, 123 Victoria Street and Dashwood House, which are over 92 per cent let and delivering an enhanced income return over traditional blank canvas space.
Myo is one of three office products offered by Landsec; Blank Canvas, Customised and Myo, each offering different solutions to meet evolving business needs. Myo locations boast vibrant business communities and provide tailored, high-quality, and wellbeing-focused spaces for members looking for 10 desks or more, over one to five years.
Marcus Geddes, Managing Director, Workplace at Landsec said: “Myo was created as a direct answer to our customer’s changing needs. The demand we’ve seen since launching on Victoria Street speaks to the value our customers find in the product, whether they’re small businesses at the start of their journey or established businesses looking for additional space or on-demand meeting and events spaces as they grow.
“With today’s commitment to triple our flexible footprint we make significant progress against our growth strategy, almost reaching our initial growth target in just two years, and we have plans to keep expanding. Looking ahead, we’re confident we’ll continue to see strong demand for our premium, flexible offer and with larger spaces available for growing teams, we look forward to welcoming an even greater variety of customers.”
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