Fora signs up for Derwent Victoria offices
Flexible workspace provider Fora has agreed a 15-year lease with no breaks at Derwent London’s 6-8 Greencoat Place office scheme, SW1.
The firm will take up the entire six-floor building, which measures 32,400 sq ft.
The average rent is around £69 per sq ft, with the overall rental incentive equivalent to a 34-month rent-free period.
Flexible workspace provider Fora has agreed a 15-year lease with no breaks at Derwent London’s 6-8 Greencoat Place office scheme, SW1.
The firm will take up the entire six-floor building, which measures 32,400 sq ft.
The average rent is around £69 per sq ft, with the overall rental incentive equivalent to a 34-month rent-free period.
Due to open in 2022, the new Fora workspace sits within a larger cluster of Derwent London buildings totalling 287,000 sq ft. These include Greencoat House, Gordon House and Francis House.
Paul Williams, chief executive of Derwent London, said: “This combination enabled Fora to make a long-term commitment, and they, in turn, will provide an important amenity for our surrounding occupiers.”
Enrico Sanna, co-founder and chief executive of Fora, said: “With ways of working continually changing and priorities shifting in terms of travelling into city centres, it is crucial that we are providing flexible workspaces in conveniently located and accessible transport hubs.
“Lockdown has made many re-evaluate where they want to work, and although there is no doubt that there is still a requirement for the office space, a more efficient commute will be a significant factor for all, which Fora will offer through 6-8 Greencoat Place.”
Fora’s other launches include a new Fitzrovia site, at Wells Mews, which is due to open later this year. It is also expanding into Oxford and Cambridge and currently operates 13 UK sites, with plans for new locations in the UK and internationally over the coming years.
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