Legal & General has launched a flexible office leasing platform.
The platform, branded “Capsule”, will include elements such as short-form leases, fit-out and more flexible lease terms.
Bill Page, business space research manager at LGIM Real Assets, said: ”The office leasing market has changed structurally over the last three years with the rise of flexible leasing platforms, led by, but not confined to, London. This has provided challenges and opportunities for investors, occupiers and agents alike. New co-working providers have expanded aggressively and their more established peers have fought to keep up.
“Capsule is not a ‘product’ and there is no disintermediation of agents involved or intended. However, it is a re-imagined process offering the market an attractive and mutually beneficial option, acknowledging the frustrations that send many occupiers towards flexible providers, while retaining the traditional benefits of leasing from an established provider.”
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