Occupying over 19,000 sq.ft., the new co-working space will provide users technology enhanced space in the heart of Europe’s largest retail destination.
Venture X, led by Tom Foster and Andrew Ross in the UK and Ireland, has secured its second location at 1 Ariel Way, Westfield London for 19,077 square foot, with an agreement for a long-term lease commitment. The company, which originally started in Naples, Florida, is part of the United Franchise Group.
The co-working operator will be the first of its kind at Westfield London, which continues to attract the best concepts and stores for customers across a wide range of categories . Venture X White City will be kitted out with leading technology including podcasting-ready rooms, hybrid meeting rooms enabling digital multicast-screen conferences, in addition to private offices, hotdesking space and shared entertaining spaces with high-speed WIFI. There will also be a wraparound terraces, and private terraces to some private offices within a brand new building.
Andrew Ross, CEO of Venture X UK & Ireland comments: “This is game-changing news for us at Venture X, it demonstrates our commitment to growth in the UK and our vision for co-working. The pandemic in many ways has been disastrous, but it has also highlighted the importance of flexible working and co-working spaces. We are in the midst of a workplace revolution and Venture X is the fastest growing co-working franchise. Like our space in Chiswick Park, we suspect Venture X will appeal to local entrepreneurs, SME’s and corporates looking for project-led space with a ‘plug and play’ ready HQ to attract the best talent. Westfield London is iconic, continuously transforming its offer and there is a lot of energy in the wider White City area which we hope to be part of its story moving forward.”
The deal also signifies the changing nature of city centre locations, as they seek to diversify their offering, providing retail, leisure and now co-working spaces.
Scott Parsons, Chief Operating Officer UK, Unibail-Rodamco-Westfield says: “Since opening in 2008, Westfield London has been an key partner of the local community and a catalyst in the transformation of White City and Shepherd’s Bush into a world-class place to shop, live and work. With lifestyles transforming and ways of working becoming more flexible, welcoming Venture X to our offices at 1 Ariel Way expands the shared work space offering within the White City opportunity area and creates an exciting new opportunity for London workers. The offices, overlooking Westfield Square with view of TVC will, have state of the art facilities attracting creative, tech and entrepreneurial businesses and we have no doubt our new neighbours will enjoy everything the centre has to offer including over 50 restaurants and leisure operators and 300 stores right on their doorstep. We look forward to welcoming Venture X to Westfield London!”
URW were represented by niche, West London office specialists, Frost Meadowcroft. Justin Clack, director at Frost Meadowcroft observed that this letting underlines the attractiveness of Westfield London for office occupiers and is a good barometer of the gradual improvement in office demand in 2021.
Chris Lewis, Head of Agency at Devono Cresa observed: “This latest commitment by Venture X is a massive vote of confidence in offices and represents an exciting moment for the White City real estate market. As momentum continues to build for the return to the office, the provision of high quality, best in class space has never been more important. Occupiers of all sectors and all sizes are increasingly demanding exceptional workspaces for their people and Ariel Way epitomises the type of solution required from flexible space providers; beautifully designed, light, and airy with facilities and management aimed at delivering the very best experience. It is our pleasure to work closely with the Venture X team as they realise their ambitions for providing their clients with exceptional workspaces across London, the UK and beyond.”
Venture X has grown to nearly 1 million sq.ft of space, with 45 locations in 5 countries in just 5 years. Venture X is set to grow to over 100 locations in the next 2 years, and to become the 3rd largest and only 100% franchise operator flexible office space by 2026. For further information on Venture X, please call 020 3585 2900 .