Tag Archives: virtual-offices

Bruntwood Scores A Hat Trick Of Office Deals At Atria

Bruntwood, North of England commercial property company, has welcomed two new customers to Atria in Bolton and also let an additional 2,000 sq ft of office space to one of its current customers, MRH Solicitors Ltd.

Centric Sports Management has taken 575 sq ft and Best Practice Group has taken 400 sq ft at the building. MRH Solicitors Ltd, which specialises in personal injury claims, moved into Atria in December 2009, taking 3000 sq ft and following recent expansion plans now occupies 5,000 sq ft.

Mohammed Patel, Managing Director of MRH Solicitors Ltd said, “Atria is perfect for our office requirements and provides us with the flexibility to expand as our business expands. The building is very impressive, with an exceptional on-site customer service team, as well as being in an ideal location, just two minutes’ walk from Bolton town centre.”

Andrew Butterworth, Director of Sales at Bruntwood said “We’re delighted to be able to accommodate MRH Solicitors Ltd’s office requirement at Atria. This letting highlights the flexibility that Bruntwood offers in allowing customers to move seamlessly within our buildings, as their requirements change.”

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Bruntwood Attracts More Customers To Sale Point

Bruntwood, the privately owned commercial property company, has announced that debt management company, Harrington Brooks and Trafford Housing Trust have both taken up office space at Point Sale in Greater Manchester, with each company taking 16,375 sq ft and 21,110 sq ft respectively. This now means 80% of office space available at the property has been pre-let, three months before refurbishments are due to complete.

Bruntwood Attracts More Customers To Sale Point

Andrew Butterworth, Sales Director at Bruntwood said: “We are delighted to welcome these new customers. These deals truly reflect the high quality and cost effectiveness of the office space available and our ability to successfully accommodate business specific requirements.”

Sale Point is currently undergoing an extensive refurbishment to create high specification offices with a new entrance and reception on Washway Road in Sale.

Matthew Cheetham, Chief Executive Officer at Harrington Brooks said: “We’re impressed with the way the new works are shaping up. The new reception and entrance will provide an impressive welcome for our staff and visitors and we’re looking forward to taking occupation at the building this summer.”

With this 37,485 sq ft of offices secured, Bruntwood and retained agents King Sturge and WHR are now talking to other parties regarding much of the remaining 9,656 sq ft of office space.

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Bruntwood Expands Its Serviced Office Portfolio In Manchester

Bruntwood, the North of England commercial property company, has announced that it is to open up a new floor of serviced office space at Manchester’s Centurion House on Deansgate. This will take its serviced office portfolio to over 1800 desks across Manchester, Liverpool, Leeds and Birmingham.

The new suites will provide additional cost efficient office space for small to medium sized businesses who want to be located on Deansgate, a high profile location right in the heart of the Manchester city centre. Customers in the newly developed space will also benefit from contemporary communal areas, onsite meeting rooms and a dedicated customer service team.

The building on Deansgate is owned and managed by Bruntwood and combines two floors of serviced office space alongside nine floors of conventional office space and ground floor meeting rooms.

Andrew Butterworth, Bruntwood’s Sales Director commented; “Demand for our serviced offices has always been strong. Our fully integrated office buildings where our serviced and conventional office customers work side by side have proven very successful, particularly in the current climate. This is because we can offer customers the ability to take short term serviced office space and then move into longer term conventional offices within the same building.”

The new serviced office suites will be available for occupation from May and the suites will be available to view from April.

Bruntwood currently proactively own and manage 90 properties across the cities of Manchester, Liverpool, Leeds and Birmingham, which are home to over 1,000 companies.

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Bruntwood Reports An Increase In Turnover Of 11.5% To £97m And Operating Profit Of 9.5% To £12.6m

North of England commercial property company Bruntwood has filed its latest set of accounts for the financial year 2009, reporting an increase in turnover of 11.5% to £97m and operating profit of 9.5% to £12.6m.

Chris Oglesby, Bruntwood’s chief executive, said: “Against a very difficult economic backdrop, I am proud of the way our team at Bruntwood have, once again, responded in delivering another very good set of results. Property values may have fallen in response to the investment market but the underlying fundamentals in our business continue to improve, as evidenced by the 9.5% increase in profit before tax up to £12.6m.”

Further to a full revaluation of the portfolio by Knight Frank in September 2009, Bruntwood’s fixed assets now stand at £912m. This figure is down seven per cent on last year and is the first time in the company’s 30 year history it has seen a reduction in its property values.

Chris Oglesby said: “Whilst a drop in our property values was not unexpected, our conservative approach to valuations at the top of the market has meant they have held up exceptionally well. Our September year end was at, what we believe, to be the bottom of the market. Since then, there has been a considerable rally in property values and I am confident we will see the value of Bruntwood’s portfolio grow again in our 2010 financial year. That said, more important to us as a business is income, the true value that we are creating via the lettings we achieve. In this respect, the business remains incredibly healthy with rental income being 216% of our interest costs.

“Our performance through the economic downturn, allied to the feedback we get from our customers and business partners, reinforces our belief that we have a great business model and a great team. 2010 is likely to be a year when Bruntwood start to invest again in expansion and we look forward to the year confident and enthusiastic with, as ever, our customers at the heart of everything we do.”

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Bruntwood Welcomes New Years Lettings

Bruntwood, the North of England property group, is enjoying a busy start to the year after securing four new lettings at the Cotton Exchange in Liverpool’s commercial district.

Lettings totalling 6,100 sq ft of office space have been agreed with HH Law, iProgress, Medicals Direct and MJP Justice at the Grade II listed building.

Medicals Direct, a health service provider to the insurance sector, has taken a 1,000 sq ft office on the building’s fifth floor. The company has also let a 3,000 sq ft suite in Bruntwood’s St Christopher House property in Stockport. Personal injury specialist HH Law has signed a three-year lease on a 700 sq ft refurbished office.

Web design company iProgress is moving into a 400 sq ft suite on the sixth floor of the building, upgrading from a 200 sq ft office. Law firm, MJP Justice is also doubling its space in the Cotton Exchange, expanding from 2,000 sq ft to 4,000 sq ft. Both leases are for three- years.

Colin Forshaw, head of sales at Bruntwood, said: “These new lettings mark another great start to the year for Bruntwood and we are pleased to welcome such a wide range of businesses into the Cotton Exchange.

“The building remains one of our most popular properties and we’ve worked closely with our tenants to ensure they have the type and size of suite that they need. Lettings to companies such as Medicals Direct highlight the flexibility that Bruntwood offers in allowing customers to move seamlessly within our buildings as their business requirements change and they look to up or downsize.”

Paul Hampson, director at HH Law, said: “The Cotton Exchange was the perfect location for our business because it’s crucial for us to be located at the centre of the commercial district and legal community, close to clients, the courts and partners.”

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Bruntwood To Let A Further 5000 Sq Ft In Leeds City Centre

Bruntwood, the North of England property company, has let a further 5000 square feet in Leeds city centre with two new deals at 14 King Street. These recent lettings are to The Co-operative Bank Plc and Freedom Back Clinics, who are taking 2447 and 2642 sq ft respectively.

Bruntwood’s head of sales and development in Leeds, Craig Burrow, said: “We’re delighted to welcome both The Co-operative Bank and Freedom Back Clinics to 14 King Street. These deals highlight the fact the building continues to go from strength to strength and, since completing in January, we’re now 40% let. As such, we’re confident this success will continue.”

Both companies will join existing customers Charles Stanley Group Plc, Gatenby Sanderson and Venture Finance Plc at the building, leaving 22,000 sq ft of office space still available to let for which there is continued and strong interest.

About Bruntwood
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

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Bruntwood Announced That Recent Improvements To Its Website Have Proved A Success, As Office Space Enquiries See A Significant Boost Over The First Few Weeks Of Going Live

Bruntwood, commercial property company, has announced that recent improvements to its website have proved a success, as office space enquiries see a significant boost over the first few weeks of going live.

The changes to the site were completed following a desire by Bruntwood to improve their existing site in order to make it easier for customers to be able to search for office space, serviced offices, virtual offices and meeting rooms, as well as increasing the sites’ capability to showcase photos of the various office properties more prominently.

The redesign was undertaken by interactive design company magneticNorth (mN) and since its launch on the 30th of April Bruntwood has already seen increased office enquiries by 10% across the initial three weeks.

Simon Scott of Bruntwood said: “The new website is a one-stop shop all of our products. They are showcased in such a way that potential customers can quickly and easily locate an office that meets their exact requirements. With over 90 office buildings in Manchester, Liverpool, Leeds and Birmingham and five different products, it was essential that each region and product had a representation on the site, as well as and easy to use search function.”

Lou Cordwell, managing director, Magnetic North, said: “Bruntwood had a desire to increase the conversion between visitors to the site and follow-up enquires. Our design team facilitated this by creating a simple search functionality which allows customers to easily browse the company’s varied range of office spaces. In addition, the enhanced focus on photography delivers real impact as it demonstrates the variation of premium office space they have within their portfolio.”

About Bruntwood 
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

Each year Bruntwood donates over 10% of its annual profits to arts, civic and charitable causes and takes every opportunity to involve its customers.

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Regus Plc – 2009 Interim Management Statement

At the Annual General Meeting which was held on 19th May 2009, John Matthews, Chairman of Regus, the leading global provider of outsourced office spaceserviced officesvirtual offices and meeting rooms, gave the following Interim Management Statement covering the period from 1st January 2009.

“I am pleased to report that Regus has made progress and that the Board is satisfied with financial performance, given the difficult trading environment.

Revenues for the four months to 30th April 2009, (at actual exchange rates) were £387.0m, an increase of 16% over the £334.5m achieved for the same period last year. The number of actual workstations has grown in the first four months by 1,485 to 160,606 with 16 centres being opened, including our 18th centre in Manhattan, Pune in India, Hangzhou in China, and Warsaw in Poland. We have also opened offices in two new countries being Paraguay and Macau, bringing the total number of countries we operate in to 75.

We continue to generate cash with our net cash balance increasing to £227.6m at 30th April 2009. This is despite the strengthening in sterling which reduced our net cash balance by £5.5m and £18.0m being spent to develop our business. Our net cash balance has however benefited from a one off receipt of £18.5m. Subject to shareholder approval at the AGM we will be paying the 2008 final dividend of 1.2p per share on 29th May 2009 to shareholders who were on the register on 1st May 2009 Market conditions remain tough. We are continuing to see pressure on occupancy and price which is impacting net income, although this is partly being offset by the additional revenue opportunities arising from our portfolio of recession busting products and the benefits of our ongoing cost reduction programme. In these more challenging markets we remain confident of our future; we are in the number one market position, we have a truly international spread, we have a flexible business model and we have a strong balance sheet.”

This interim management statement contains certain forward looking statements with respect to the operations of Regus. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. Nothing in this announcement should be construed as a profit forecast.

About Regus
The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconference studios. The Regus Group delivers a new way to work whether it’s from home, on the road or from an office.

Over 400,000 clients a day benefit from Regus Group facilities spread across a global footprint of 1,000 locations, in 450 cities and 75 countries which allows individuals and companies to work wherever, however and whenever they want to.

For more information, visit www.regus.co.uk.

Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group and allowing them to focus on their core business.

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