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NewFlex takes 25,000 sq ft at Exchange Quay

The flexible workspace group is to give its Serendipity Labs brand a European debut later this year, having taken five floors within Building 7 at the 435,000 sq ft complex.

Serendipity Labs is to launch its maiden Manchester space in October having signed a five-year lease, according to the company’s website. It will be the brand’s largest office to date, and first outside of the US.

“The Serendipity Labs mission is to offer trusted knowledge workers inspiring, enterprise-level workplaces that align their work life with their lifestyle,” said John Arenas, chairman and chief executive of Serendipity Labs.

“Our upscale design sets us apart from other shared office operators, but we also we meet international corporate standards for privacy,
confidentiality, and security.”

The Exchange Quay site is NewFlex’s second in Greater Manchester, following the launch of Bold at Bauhaus earlier this year.

Steve Jude, chief executive of NewFlex, said: “The opening of the world’s largest Serendipity Labs centre in Manchester is an incredible milestone for NewFlex as we seek to change the way people look at offices.

“This prestigious new centre will cater to all businesses as they seek flexible and agile workspaces as employees continue to practise hybrid working.”

Exchange Quay is owned by funds advised by Ekistics Property Advisors and is managed by Till Asset Management.

Les Lang, director at Till AM, said: “Exchange Quay is the best office campus in Manchester, with unrivalled amenities. The addition of this quality of flexible workspace makes the offer at Exchange Quay complete and we are delighted to be working in partnership with NewFlex.

“Together, we are investing £3m into this facility in order to create a cutting-edge option on the campus.”

Colliers’ flex space team advised the Till and Ekistics on the Serendipity deal.

Patrick Kennedy, regional head of flexible workspace at Colliers, said: “Serendipity Labs is an excellent addition to the Manchester market, which will continue to appeal to an array of businesses attracted by the extensive on-site leisure and retail amenities.

“Serendipity Labs will provide an additional offering to Exchange Key, providing high-quality flexible workspace, a widespread events programme and access to meeting rooms for the wider community.”

The Serendipity deal is the fifth major flex agreement Colliers has brokered in the last 18 months.

In January 2021, Colliers advised on a deal that saw Hana take 32,000 sq ft at Baring’s Landmark. The following month, Orega took 30,000 sq ft at Arkwright House.