Joint Venture partners AshbyCapital and U+I have let the seventh floor at The Future Works, their new office development in Slough, to ByBox, React News can reveal.
ByBox, the smart locker tech provider, has taken 14,517 sq ft at The Future Works, comprising 9,544 sq ft of office space and a 4,973 sq ft private roof terrace. The company is moving from its current base at Oxford Science Park.
Although a spokesperson for the building declined to comment on the terms of the deal, the headline rent is understood to be around £38 per sq ft.
ByBox will join Clarendon, the serviced offices and co-working provider, which has taken over the space previously occupied by Central Working, operating Slough’s first flexible workspace on the ground and first floors.
The Future Works is the first phase of a £200m investment in Slough and provides 100,000 sq ft of prime office space in a Sheppard Robson-designed building. In total, the three-phase regeneration project will create 350,000 sq ft of new office space.
“ByBox’s decision to take space at The Future Works is a firm vote of confidence not only in the building we have created, but also in Slough itself.
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Having retained its title as the most productive place in the UK, with a higher concentration of global headquarters than any other UK city outside London, and with exceptional and improving transport links to the capital, Slough holds significant appeal. Interest in remaining floors is strong and we look forward to welcoming further businesses here.
Jonathan Goring, group development director at U+I, added: “With over £4bn currently being invested in the town and the Heart of Slough initiative transforming the town centre, Slough is certainly enjoying a renaissance. It’s great to see businesses recognising how much Slough has to offer them and their employees, which will only increase as the town continues its evolution.”
Following the letting, 74,000 sq ft of office space remains available, over five contiguous floors. Joint letting agents for the building are JLL and Cushman & Wakefield. Bidwells represented ByBox.