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Derwent London is expanding a flexible office offering aiming to capture demand from smaller tenants that will want more flexibility in how they rent workspace, particularly in the wake of the coronavirus pandemic.
Derwent’s move follows large London office owners like British Land, the Crown Estate and Landsec in setting up a flexible office service, to sit alongside its traditional offer and space it rents to coworking operators.
Derwent Executive Director Simon Silver told the audience of Bisnow’s Rethinking Real Estate webinar last week that it would not be offering coworking desks, but would provide flexible space for small companies that wanted their own office, without the onerous elements of traditional leases.
“At Derwent we’re now working on an initiative that we’re calling ‘furnished and flexible,’” Silver said. “This is not a coworking model per se, but will give smaller companies an office with their own front door, where they can sign a shortened type of lease, move in literally on the…
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