New flexible co-working space coming to Leamington

"The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal."

A new, state-of-the-art, flexible workspace is coming to Leamington Spa to meet rising demand as the adoption of hybrid working rapidly accelerates across Warwickshire

Nicholls House, a Regus workspace opened in Tachbrook Park by the International Workspace Group, will include co-working spaces, private offices, meeting rooms and creative spaces.

The new Centre will host a grand opening event for media from 4-7pm on 12th September 2024. Members of Leamington Spa’s business community and Council will be invited to celebrate the opening and explore the building’s cutting-edge design and facilities.

Nicholls House is part of a drive by International Workspace Group to meet the sharply rising demand for top class flexible working space in Warwickshire. The three-storey building will provide space for established firms and start-ups across a range of industries including retail and digital industries while a Design Your Own Office service allows companies to tailor their space entirely to their requirements.

As the shift towards hybrid working accelerates, the potential for further growth is exponential with an estimated 1.2 billion white collar workers globally and a total addressable market of more than £1.57 trillion. Conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead.

This is reflected locally in new flexible office space coming to the market, which includes the now fully occupied The Woods on the former IBM campus in Warwick, 11 Waterloo Place in Leamington Spa, the redevelopment of the former House of Fraser Department store in Leamington as Bedford Street Studios, Holly Walk House from Warwickshire County Council, Space Business Park and the re-imaging of Point 3 of the IBM Campus as The Point.

Mark Dixon, CEO & Founder of International Workplace Group, said: “We are establishing a stronger and much-needed footprint in Warwickshire with this latest opening. As an important business hub, Leamington Spa is a fantastic place for us to boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal.

“We are very pleased to work in partnership in a unit franchise agreement to develop the Regus brand under a management agreement that will add a cutting-edge workspace to their building.

“Our opening in Leamington Spa comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”

Councillor Martin Watson, Portfolio Holder for Economy at Warwickshire County Council, said: “We welcome this new addition to the grade A office offer in the south of the county. It will prove attractive to tech companies already here looking to expand and those new businesses coming to the area. Proximity to supply chains and talent is a really important driver for start-up and investment in the area, but the provision of quality, attractive workplaces is also key for talent attraction and retention. So we’re delighted to see IWG make this investment into the local area.”