Citibase on Target following Nottingham Launch
Citibase has expanded its portfolio by launching in Nottingham.
As part of a continued expansion programme following a strong trading year in 2010, flexible workspace provider Citibase has recently announced the addition of three more business centres to their portfolio of serviced offices.
The latest centres are all located in Nottingham, which brings a brand new location to the Citibase portfolio and strengthens their Midlands presence alongside their existing Birmingham, Coventry, Kenilworth, Wolverhampton and Leicester locations. The new acquisitions also brings the number of properties in Citibase’s expanding portfolio to 32, which puts the company well on-track to reach their overall target of 50 business centres by the end of 2011.
The properties are established business centres which were previously operated by Sharespace Management Ltd, and have since been fully integrated into the Citibase network. Commenting on the merger for Citibase, Richard Axtell said that the move has enabled Citibase to continue their expansion trail:
“Our strategy is to continue to grow through the recession,” he said. “The agreement with Sharespace consolidates our position by taking our workstations to almost 10,000 – more than double where we were at a year ago.”
He added: “Our board still have a short term target of 50 locations and we are working hard to make this a reality this year.”
Each new centre has been refitted (pictured: High Pavement, Nottingham).
Located in the fashionable Lace Market area of central Nottingham, the business centres are all within a few minutes’ walk of each other and are already home to a cluster of small businesses, predominantly from the technology and creative web design markets.
“These businesses are attracted by the beautifully renovated architecture, excellent IT provision, and superb customer service,” said Richard, adding that Citibase aims to “become the first choice for cost conscious SMEs, as well as an alternative to the market leader in our sector.”
Strong trading year
In September last year, officebroker.com reported on Citibase’s expansion plans at a time when the company had just taken on another two properties – based in Fareham and Woolwich – which brought their portfolio to 27.
Speaking at the time, Richard said that their overall objective for 2011 of 50 business centres is a key target for the company, but made it clear that the top priority for Citibase is still to ensure that each new centre is a “good fit” for their company and their existing portfolio.
The new location widens Citibase’s Midlands portfolio, which includes Birmingham (pictured: Bissell Street).
By November, Citibase had announced the addition of two more properties, located in Bristol and Bath.
As a former business centre, the Bath property occupies a central location with excellent views of the city and the River Avon, which has made it an instant hit with clients. Some refurbishment work was carried out but as an existing business centre, much of the original interior fittings were retained.
However the Bristol building required more work to convert it into workspace suitable for serviced offices, along with a refurbishment to modernise the space. The building has since been transformed into a stylish working environment ideally suited to small businesses, offering around 200 workstations across four floors.
Now with a new city in their remit and three more properties flying the flag, Citibase are responsible for almost 10,000 workstations and this figure is expected to increase further this year. Richard confirms that the company are on-target and says that there is an “extremely positive outlook” for 2011, suggesting that more good news will be on the way very soon.
Find out more about Citibase’s new Nottingham properties online: