Runway East builds SE1 flex cluster

Flex office provider Runway East has secured a second site in London Bridge, taking its total portfolio of spaces to 12. The group, which is celebrating its 10th anniversary, has signed a 20-year management agreement with Peer Group for 150 Borough High Street, SE1. The 12,000 sq ft flex office will be Runway East’s second site with Peer Group. Three years ago it opened a 24,000 sq ft operation at Chapter House on Crucifix Lane, SE1. As sole occupier of the building, Runway East will be managing the space for a community of larger scale-ups and SMEs, offering customisable private office suites with internal meeting rooms and tea points. There will also be an event space and roof terrace on the sixth floor, along with a 20-person boardroom. Runway East chief executive Natasha Guerra said: “Our new site at Borough High Street brings us to three sites in the SE1 area, a fitting addition to our two thriving hubs at London Bridge and Borough Market and providing some of our members with space to scale up. “There is so much activity happening here and we have seen just how much businesses love being in the area – it has the perfect combination of business, leisure and, of course, some of the best food in Europe. “It has acted as a base for commerce to the City of London for almost 2,000 years, so I would say there’s a small amount of historical evidence that suggests it’s a good place to have an office.” Jonathan Dean, property director at Peer Group, said: “As long-term property investors in Southwark, building relationships with a dynamic business such as Runway East is essential to our company strategy of offering the full spectrum of office space to the London Bridge business community.” The site is expected to open in Q1 2025 following a £1m fit-out. The deal comes hot on the heels of Runway East signing a second deal with Soho Estates. It agreed a 10-year lease with the landlord on the 7,000 sq ft 58 Wardour Street, W1. Desk prices across the Runway East London estate range from £460 to £635 per desk, per month. Find out more about Runway East’s growth and expansion plans in this week’s EG Interview with founder Natasha Guerra. See lettings in London SE1 >> Image © Interaction/Runway East