Branco strikes 32,000 sq ft Preston flex working deal 

Barcelona-based OneCoWork has chosen a building on Winckley Square as its first UK site.

Branco Capital, which acquired 33-34 Winckley Square in 2022, has appointed OneCoWork to operate the 32,000 sq ft Preston scheme, which is due to open in April. The firms have signed a five-year management agreement. 

Once complete – Workspace Design and Build is currently on site fitting out the space – the Winckley Square flexible workspace project will provide 500 desks and 4,000 sq ft of communal amenities. 

Joshua Senior, director at Branco Capital, said: “OneCoWork shares our ethos of creating communities and making a positive economic impact where they’re based, making them the ideal operator of Winckley Square. 

“A multi-million-pound regeneration programme and outstanding location with excellent transport links, means Preston is powering ahead and proving to be an increasingly attractive place for ambitious people and fast-growing businesses.” 

He added: “A lack of new office space in Preston means Winckley Square will greatly enhance and expand the amount of such space in central Preston, breathing new life into the building and attracting more people to the city centre.” 

All three of OneCoWork’s current sites are located in the heart of Barcelona.  

Ben Nachoom, the firm’s chief executive, said Preston is an “ideal” location for the company’s UK debut. 

“The city is home to major businesses such as BAE Systems, benefits from close proximity to innovation centres like the University of Central Lancashire, and contains a huge number of SMEs,” he said. 

“Compared to other cities that have a more developed coworking market, Preston provides us with an opportunity to make a significant impact on the local entrepreneurial and business community.

Nachoom added: “Flexible workspaces play a pivotal role in revitalising urban centres. They are more than just shared offices; they are incubators for collaboration, innovation, and community building. In secondary cities across the north of England, coworking spaces like ours serve as catalysts for economic development, offering a unique blend of flexibility, networking opportunities, and access to a diverse talent pool.”