BizSpace, the largest provider of flexible workspace with offices and workshops across the UK, has acquired a new business centre in Waltham Abbey, Essex.
M25 Business Centre totals 55,000 sq ft across four storeys with office space ranging from 90 sq ft to 2,454 sq ft, as well as two workshop units. The property also includes meeting rooms, break out areas and executive suites, as well as a 7,000 sq ft gym, café and on-site parking.
Located on Brooker Road, M25 Business Centre is situated between J25 and J26 of the M25 motorway and is 1.5 miles from Waltham Cross train station with direct trains to London Liverpool Street Station in 30 minutes. Lidl and Tesco are also a short walk away.
BizSpace’s acquisition of M25 Business Centre brings its number of sites in the south to 11 and total number of properties across the UK to 105. Since September 2017, BizSpace has acquired ten properties, investing over £37million across the UK’s regionals towns and cities.
Emma Long, Commercial Director at BizSpace, commented: “We are delighted to announce our third acquisition in the last six months for the south, adding to and complementing our expanding portfolio. M25 Business Centre provides exceptional office facilities in Waltham Abbey, with excellent on-site amenities for the region’s entrepreneurs and SMEs.
“M25 Business Centre is ideally located for local businesses, with easy access to the north, east and central London, as well as throughout Essex and Hertfordshire. Waltham Abbey is a hotspot for a wide range of businesses and we look forward to helping our customers there to thrive.”
Douglas Green, Director of GKRE, said: “We are delighted to have acted for the shareholders of M25 Business Centres Ltd on the sale of the Company to BizSpace.
“We received significant interest in the Business from a selection of active operators and investors who were looking for high visibility and a great flexible product within the M25 region. It was a pleasure working with the M25 team and BizSpace on this sale, and I look forward to working with them again in the future.”
Paul Zimbler, Managing Director, M25 Business Centre said: “Having first acquired a near-vacant building on the M25 in 2013, we feel through a lot of hard work and investment that the now very established M25 Business Centre, with over 80 businesses in residence, is ready for a new owner. We are delighted that BizSpace will continue to invest in the centre and support the local businesses.”
GKRE acted on behalf of M25 Business Centre.
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GKRE is the UK’s leading specialist flexible workspace agency. Founded in 2013, the directors bring to GKRE more than 25 years’ experience in the flexible workspace industry between them.
Our clients include operators and landlords across the UK, from major PLCs to independent companies.
We have recently been involved in the merger and acquisition of businesses worth over £40m, comprising more than 450,000 square feet in some 50+ buildings.
We have acquired in excess of 450,000 square feet for the UK’s leading operators. GKRE advises landlords and building owners throughout the UK on their flexible workspace options and opportunities to partner with flexible workspace providers.
Please visit gkre.co.uk for more information on how we assist property owners, tenants and flexible workspace operators, and for details of our latest transactions.