Under a management agreement with Barwa Capital (UK) Ltd, Avanta will manage the Grade 2 listed building at 4 Cavendish Square W1, which will house 130 workstations and a 32-seat tiered auditorium with state-of-the-art AV equipment.
“This is part of our niche plan for developing and generating income streams for landlords and property owners and follows a similar arrangement at 26 Dover Street,” comments Alan Pepper, Avanta’s Chief Executive. “As a London focussed flexible workspace provider we’ve witnessed high levels of enquiries during the past 12 months and this buoyant market is helping to fuel our expansion plans in the capital.
“This magnificent building was subject to a £4m refurbishment in 2008 and is currently being upgraded with the installation of a high capacity IT system so will soon be ready to welcome the first clients.”
Aamir Khan from Barwa Capital commented “We looked at a number of possible operators, but chose Avanta for their expertise, straightforward approach and excellent response time. After leaving a message, Avanta’s founder, David Alberto, called back almost immediately. This is a testament to their focus on the client with integrated communication flowing through the organisation”
The new business centre at 4 Cavendish Square will add a further 11,258 sq ft to Avanta’s 650,000 sq ft office space portfolio and is expected to be open for business in March 2012.
Avanta Managed Offices Limited (avanta.co.uk) was formed in 2004. The company offers highly flexible, unbranded office space and meeting rooms, with advanced and competitively price technology, tailor made to meet the requirements of the occupier. In the UK it currently manages more than 650,000 sq ft of office space in prime locations in London, the Thames Valley and Edinburgh. It also operates one business centre in New Delhi, India and in 2009 formed a partnership with Regent Business Centers, which manage 13 locations throughout the US.
Anna Norman-Butler, Avanta Managed Offices Ltd
T: +44(0)203 008 6000