Flex operator Cubo takes space at Manchester’s Lincoln building

Cubo has taken space at M&G Real Estate’s 102,000 sq ft building the Lincoln in Manchester city centre. The flexible office operator has signed a 12.5-year lease for 16,000 sq ft of space at the company’s flagship mixed-use scheme. The site will be Cubo’s first flexible office in Manchester and will offer grade-A space for occupiers including start-ups, SMEs and corporates. Facilities will include hot-desking, designated desks, studios for up to 20 employees and private offices for up to 50. The company has seven locations across the UK, and all members have 24/7 access, use of communal spaces with a barista service, meeting rooms and networking events, and the ability to transfer memberships between Cubo locations. The move follows Cubo’s plans to double its footprint nationally by the end of 2023, after receiving backing from investment firm Literacy Capital. The deal also marks the first letting at the Lincoln, which was developed in partnership with Marshall CDP in the regenerated Lincoln Square. As well as offering grade-A workspace, the building includes retail and F&B units, and occupiers will have access to a roof terrace, yoga and wellness suite, relaxation room and EV charging points. Marc Brough, chief executive of Cubo, said: “Having started in the Midlands and Yorkshire, we are now extending our footprint across the whole of the UK. Finding the right location in Manchester has been high on our agenda for some time, and the Lincoln meets our requirements perfectly. It offers the high-end, contemporary look and feel that complements our aesthetic within a super-prime location.” Aaron Pope, director of asset management at M&G Real Estate, added: “The development of the Lincoln continues our strategy of creating grade-A, sustainability-led assets of scale in prime locations across the UK. The Lincoln demonstrates our ongoing commitment to Manchester, where our assets are attracting strong interest from leading and innovative occupiers such as Cubo, whose decisions are influenced by strong sustainability and wellbeing criteria, providing us with the opportunity to deliver compelling returns for our investors.” Colliers acted for Cubo. Cushman & Wakefield, Savills and Knight Frank acted for the landlord. To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige or @EGPropertyNews Discover which agents have been most active in Manchester so far this year >> Image courtesy of Savills