Citibase Heads for 50-strong Property Portfolio
Following the addition of two new properties to bring their portfolio up to 27, serviced office provider Citibase have clear targets in mind as they continue to explore new territories in the UK.
Having introduced two new buildings in Fareham and Woolwich (pictured) to their growing portfolio of nationwide business centres, and with plans to double the amount of space at their Cambridge location, Citibase are showing no signs of slowing down as they continue their UK expansion trail.
“We have an informal target of 50 business centres,” commented Richard Axtell of Citibase. Although the firm have a clear target in mind, Richard comments that they are also committed to ensuring that any new buildings are a “good fit” in line with their existing offering.
“Unofficially we would hope to achieve our target of 50 business centres during 2011,” he said. “Although we have no fixed timescale on when this will be delivered, our board are clearly focused on delivering a good service to all our existing clients too.”
Testament to this, Citibase have recently carried out a refurbishment and extension work on their existing entre in Victoria, as well as several other locations. Formerly fully let, the company have taken an extra floor at the Warwick Row building and created an additional 5,000 sq ft to their existing space.
They are also doubling the amount of space at their Cambridge property, with an extra 10,500 sq ft spread across two new floors.
Richard commented that this centre has always enjoyed stability, therefore the decision to double the capacity was an “easy one, and the demand for space already justifies our decision.”
Commenting on their continued course of expansion, he added:
“Our continuing strategy will be to deliver good quality, well located business centres for cost conscious SMEs,” he explained, “and we will continue to be the dominate player for this market.”