Orega takes space at 70 Mark Lane

Orega has signed for 28,000 sq ft at 70 Mark Lane, EC3. The flex space, across the first and second floors of the 16-storey building, will provide 520 workstations. The building, bought by Korea Investments & Securities for £200m in 2018, will be the sixth flexible workspace that Orega has launched in London and the second in the City, offering space under management agreements instead of leases. Ben Hutchen, real estate director at Orega, said he was “seeing an increasing number of large occupiers” approach the company about its flex space. “By offering our joint venture management agreement, Orega can provide an alternative solution to corporates with excess space, allowing them to retain their brand while giving them the flexibility to take back space should they need it down the line,” he added. Orega currently operates 23 flex locations across the UK. It recently signed for 33,000 sq ft at Thames Estate’s Holborn Gate, and expanded its flex space offering at M&G’s Capitol Building in Aberdeen. To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews