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Serviced Office Provider Unveils Expansion

CANNES-One of the young turks of the serviced office market, Gainsborough, is to undertake an extensive expansion programme in the United Kingdom and USA. It will open eight new centres in the UK and 15 in the US

By Charlie Jacoby | Updated on March 14, 2002

CANNES-In an expansion that could increase its turnover to £20 million ($28 million) a year, Gainsborough Business Centres plans to open eight new serviced business centres in the UK in locations including Glasgow, Manchester, Slough, Bracknell and Edinburgh and 15 centres in the United States along the Boston to Washington commuter corridor.

The UK phase of the expansion programme will provide Gainsborough with a portfolio of 388,000 sf. It currently has a portfolio of 10 open business centres in locations including central London, Aberdeen, and Washington. The existing centres range from 12,257 sf in size up to 31,452 sf and provide between 141 to 375 workstations. Occupiers range from large multinational corporations to small businesses in sectors including finance, marketing and IT.

Established in 1995, Gainsborough currently has a turnover approaching £7.3 million ($10.3 million) and a portfolio of 178,000 sf of space.

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