Multi-disciplinary property consultancy Strettons has launched Strettons Select, a managed office solution aiming to help landlords operate their properties as flexible workspaces.
Strettons said the service is built around a direct leasing agreement between landlord and tenant, allowing landlords to retain ownership of the relationship while responding to rising occupier demand for more agile space. Two offices, 1–3 Sun Street in the City and the 4th Floor at 33 Great Sutton Street in Shoreditch, have already been delivered under the Strettons Select model.
Strettons said it was launching the service in response to continuing shifts in the London office market. It described this as reflecting occupiers' "increasingly demanding flexibility, simplicity and speed, and landlords looking for ways to position assets for the modern workplace without losing control of the tenant relationship".
Strettons director Tom Schwier said in a statement: “Strettons is uniquely positioned to help landlords respond to changing occupier demands. By combining our agency and property management capabilities, and working alongside landlords, we can deliver high-quality sustainable workspaces, fit for the modern market. This will attract more occupiers, improve returns and provide an effective and economical option to brokers.”
Strettons has appointed Nick Jones as head of flexible workspace. Jones and the Strettons’ team will give tenants "whole-of-market access" across leased, serviced and managed workspaces.
Jones joins Strettons with a decade of experience in the London office market, having advised on serviced, managed and leased acquisitions for occupiers ranging from early-stage businesses through to NHS trusts and private-equity-backed firms. Prior to joining Strettons he ran his own advisory platform, Egerton Jones, and previously led flexible office activity for a City-based commercial property firm. He has also held a senior role on the operator side of the managed market.
Jones said in a statement: “The flexible workspace market continues to evolve rapidly, and occupiers are increasingly looking for advice that cuts across traditional leasing, managed solutions and serviced space. Strettons has a strong presence across Shoreditch, the City fringe, North London and increasingly the City itself, and I’m delighted to be joining the business to build out a more joined-up approach for tenants.”