Regus has taken a 10-year turnover lease for 30,000 sq ft, the entire second floor, of Tay House, an office block overlooking the M8 motorway in Glasgow city centre. It will fit out the floor for its Spaces concept, the first outside London, in which occupiers can have flexible deals for co-working spaces, virtual office services and rented-by-the-hour rooms. The company is also looking at other locations around the UK including Canary Wharf in London – where it already leases space to start-ups such as Airbnb – and Manchester City Centre.
Regus has taken a 10-year turnover lease for 30,000 sq ft, the entire second floor, of Tay House, an office block overlooking the M8 motorway in Glasgow city centre. It will fit out the floor for its Spaces concept, the first outside London, in which occupiers can have flexible deals for co-working spaces, virtual office services and rented-by-the-hour rooms. The first and second floors of the building have recently undergone a £2.5m refurbishment programme by Regional REIT, the real estate investment trust that bought the building in 2013.