Hickman and Brexit have agreed a revenue sharing arrangement that will see the co-workspace provider operate a 0.6 sq ft space at City Place House between now and December 2021 when the property is due to be redeveloped. Assets with a near-term development opportunity, the sort of assets that we typically look to buy, have seen strong demand and pricing has been robust with only 7% of the assets we reviewed trading within 10% of our view of fair value. The deal follows the success of a co-working arrangement with Runway East at City Place House ’s Hickman property. In its H1 report, the real estate company is also said it is finalising terms on 16,000 sq ft of space at The Hickman building with a partner that will provide a co-workspace offering.
Hickman and Brexit have agreed a revenue sharing arrangement that will see the co-workspace provider operate a 0.6 sq ft space at City Place House between now and December 2021 when the property is due to be redeveloped. The deal follows the success of a co-working arrangement with Runway East at City Place House ’s Hickman property. In its H1 report, the real estate company is also said it is finalising terms on 16,000 sq ft of space at The Hickman building with a partner that will provide a co-workspace offering.