The letting at the recently refurbished Manchester office block represents the serviced office provider’s third location in the city.
Orega also has space at 76 King Street and 3 Piccadilly in Manchester city centre. Under the latest deal, the company will open a 30,000 sq ft workspace across the fourth and fifth floors of Arkwright House on Parsonage Gardens this June.
The serviced office will provide more than 500 workstations – a mix of private suites, ‘touch-down’ spaces and meeting facilities with a premium “luxurious feel” for customers, according to Orega.
Lynsey O’Keefe, chief operating officer of Orega, said: “This starts an exciting new partnership for Orega [with the landlord]. The history of the building and a design-led build bring something extra special to the flexible workspace market in Manchester.
“We look forward to welcoming new customers to Arkwright House and the Orega family in June.”
Orega worked with Colliers International’s flexible workspace team on its designs for Arkwright House, and Colliers was also the letting agent. Royds Withy King was the legal advisor.
Arkwright House was at one time the headquarters of the English Sewing Cotton Company.
Fit-out specialist Claremont completed a £1m overhaul of the reception space of the 95,000 sq ft building in December on behalf of asset manager PGIM. The building offers floorplates of up to 15,000 sq ft, and other occupiers include engineering firm Ramboll and online medic Push Doctor.
Paddy Kennedy, senior flexible workspace consultant at Colliers, added: “After a detailed and exhaustive selection process, we are pleased to announce Orega as the new flexible workspace operator at Arkwright House.
“Orega is the perfect partner for Arkwright House, and we are confident that the premium quality space on offer will be well-received by Manchester’s growing flex occupier market.”
The city’s flex office market is having a renaissance at present, with an estimated 400,000 sq ft of requirements circling the Manchester market, and talk that US-based WeWork will resume its growth path in the city later this year, Place North West’s The Subplot reported this week.
The wider Parsonage Gardens area is plotted for a large-scale regeneration that could see a new-build office block replace the ageing No.1 North Parade and No. 5 Parsonage on the north side of the gardens, under plans unveiled last year by family-owned investor Beaconsfield Commercial. Arkwright House sits on the south side of the green.