Rob Whitton’s Impact Capital Group has bought Bristol’s six-storey Spectrum office block, to launch a new co-working space provider for SMEs.
Impact bought the 114,000 sq ft Spectrum offices on Bond Street, W1 for £20m in an off-market deal through a new subsidiary called Impact Offices.
The vehicle will directly manage, lease and operate its properties under the new Impact Working brand, which will launch in January 2021 once Spectrum’s refurbished space is ready to let.
Whitton, who is founder and chair of Impact, said: “We believe that once the pandemic restrictions are lifted, employers and employees will be keen to return to the office environment, especially when it’s designed to foster wellbeing, when it’s sensitive to the environment and offers much needed flexibility.
“The disruption of Covid-19 means that office space providers need to be able to offer more flexible terms, as well as spaces which are designed with the health and wellbeing of occupiers in mind.”
The entrepreneur founded Impact alongside Nick Shattock earlier this year, to offer a “full life cycle chain model” for planning, designing, building and operating sustainable buildings. It launched after purchasing offsite manufacturer Lesko Modular.
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