Orega takes 26,000 sq ft at 1 Balloon Street

Set to open in early September, the Manchester site is the fourth location in the city for the flexible workspace provider.

Orega also has locations at Arkwright House, 76 King Street and 3 Piccadilly.

The 1 Balloon Street space will offer more than 450 workstations and stretches out along three floors. At 26,000 sq ft, it provides flexible offices for groups of five to more than 100. The space also has meeting rooms and event spaces.

Other amenities at the Orega facility include outdoor space, onsite shower and changing facilities, unlimited coffee and a secure bike storage area.

Orega signed a 10-year management agreement for the 1 Balloon Street space, which will open to select clients later this month and to the public around 8 September.

Ben Hutchen, real estate director at Orega, said the group would be providing “a first-class example of how the future of work will look”.

“At Orega, we offer our landlord partners and occupiers a solution that monetizes their space with a high-end office product and building amenity – whilst allowing them to retain control of their asset and brand,” Hutchen continued.

“This is what our truly bespoke ground-breaking new partnership model is all about.”

CBRE and OBI represented the landlord of 1 Balloon Street on the deal with Orega. While the name of the landlord was not disclosed, London-based Wittington Investments has the title for the property according to HM Land Registry. Wittington Investments acquired the building in 2009 for £21m.

Jonathan Cook, a director at CBRE, said: “We are delighted to secure Orega at One Balloon Street. They will make a fantastic addition to the building, satisfying the continuing demand from corporates seeking high-quality flex space.”