Edinburgh’s reputation for building one of the UK’s most vibrant entrepreneurial ecosystems has received a further boost with the opening of a major new co-working hub in the city centre later this year.
Spaces, the successful coworking brand born in Amsterdam, has let 29,707 sq ft of office space at the recently refurbished development, One Lochrin Square in Edinburgh’s Exchange District.
Founded in 2006, the company is already home to businesses in several locations across the UK, including London, Liverpool, Brighton and Glasgow, with plans to announce more locations in the coming months. Outside of the UK, Spaces’ global footprint now spans more than 25 countries, including the USA, Brazil, Australia, Japan and Spain.
The deal will see Spaces occupy three floors of the building, representing 46 per cent of the total floor area.
The buildings other tenant, Ctrip, the Chinese owner of Edinburgh-based Skyscanner, took 12,000 sq ft on the building’s first floor late last year.
Richard Morris, UK CEO Spaces, comments: “Spaces’ emphasis on networking and community allows users to meet others who share a belief in the power of collaborative working.
“Edinburgh is an important business location for our expansion plans. Our new hub will provide a flexible environment for businesses to grow in a key, strategic business location.”