Resilient London Office Market Sees Ventia Succeed
Serviced office provider Ventia is celebrating solid results, thanks to the strength of the London serviced office market.
The companyΓÇÖs year-end figures reveal that in just three years of trading Ventia has managed to achieve a turnover in excess of ┬ú4m and a net profit of almost ┬ú800k.
Recently, we reported on how Regus’s rapid expansion plans revealed the rising popularity of serviced office space ΓÇô and how many serviced office providers were increasing their offering and launching new business centres. Ventia is a case in point. Since opening its first centre back in July 2009, the company has grown to offer 2,200 workstations across eighteen business centres.
Taking advantage of the resilient London serviced office market, Ventia has focused its attentions on providing boutique space within key Central London locations such as Soho, Noho and the City. This approach has enabled the company to grow, despite the general downturn. As a result, it is already looking to take on yet more sites within Central London.
As Ventia Director Steve Baker says; ΓÇ£Our plan is to continue to grow, but at a sustainable rate. We have established the business we planned to from the outset. We will look at opportunities that come to us outside of Central London, but most of our proactive work in looking for new buildings will continue to be in Central London where we foresee a continued good level of demand for our products. We will also keep on investing in our existing portfolio to ensure we remain contemporary.ΓÇ¥
Staying up to date is crucial in the competitive Central London office market, where serviced office space seems to get ever more style-conscious and the list of onsite facilities seems to grow ever longer.
Ventia, it seems, understands what London businesses want. As Steve says; ΓÇ£We are thrilled to have built a solid business in just three years and are really pleased with this yearΓÇÖs results, which reinforces that we are in the right market with a product that is connecting strongly with our customers. We have a great team at Ventia who make it happen.ΓÇ¥
The strength of the Central London serviced office market was also confirmed by officebrokerΓÇÖs recently released Serviced Office Reviews. The results for Q3 2013 revealed that average workstation rental rates in W1, where Ventia has three business centres, were up ┬ú157 compared with the same period in 2012. Meanwhile in SE1, where Ventia launched its London Bridge centre at the end of 2012, workstation rates also saw a significant increase.
Congratulations to Ventia on a great year-end result. WeΓÇÖre looking forward to the next new business centre already!
(Image: VentiaΓÇÖs Audley House.)