X+Why makes Leeds debut
Flex workspace provider to open at Martley Capital’s Bridgewater Place
10 December 2024 13:33 BST | by May Agaran
- What X+Why has agreed a deal with Martley Capital Group for space at Bridgewater Place, on a 10-year lease
- Why Flex workspace provider to operate 33,990 sq ft at the site
- What next Scheme will open in late 2025
X+Why will make its debut in Leeds, having agreed terms with Martley Capital Group for space at Bridgewater Place.
The 30-storey, office-led, mixed-use building will mark its latest location acrossthe UK. It currently counts a portfolio of more than 430,000 sq ft across London, Birmingham, Manchester and Milton Keynes.
The flexible workspace provider will occupy 33,990 sq ft on the first, second and ninth floors of the tower, a 150-person event space, and a 5,000 sq ft rooftop terrace on a 10-year agreement. Under the terms of the deal, X+Why will also operate the newly designed building reception and coffee bar.
X+Why’s in-house design team, Whydesign, has been appointed for the interior design of the space, with the members’ club space and roof terrace on the ninth floor to be accessible to all building tenants. The area will also be available to tenants, as well as bookings from the public and local business community.
The scheme is slated to open in late 2025, with suites available ranging from four desks to a 5,000 sq ft office.
Owned by Richard Croft-led Martley Capital, Bridgewater Place was purchased in 2022, with investment firm Martley raising £35m to carry out an extensive refurbishment programme. The initiative will target BREEAM Excellent and EPC A certifications, as well as net zero operations by 2030 in the landlord-controlled areas. Its tenants include global law firm Eversheds Sutherland.
Rupert Dean, chief executive and co-founder of X+Why, said: “We are passionate about driving impactful change with our spaces, and can only do so as a result of strong and transparent relationships with our landlords, so we are delighted to be working with the fantastic and forward-thinking team at Martley on Bridgewater Place. Crucial to us is a shared vision for the future of work, sustainability and the role of amenity. We love Martley’s vision for the space and their commitment to reimagining an existing asset in a highly sustainable way, which is a core value for our business.”
Jack Thoms, executive managing director for real estate at Martley Capital Group, said: “We welcome the team at X+Why at Bridgewater Place in bringing their dynamic offering to the building. Their innovative approach to workplace environments will set a benchmark in Leeds, with every aspect of the building serving not just as an office but as a destination, reflecting the evolving needs of local businesses.”
Martley Capital Group was represented by Knight Frank.
Earlier, X+Why inked an agreement with Bedford Estates to open a coworking scheme at Bloomsbury House. Under the terms of the deal, which marks the first management agreement of Bedford Estates, X+Why will occupy 21,500 sq ft in the historic building at 74-77 Great Russell Street. The scheme will provide a mix of private offices for teams of six to 70 people, as well as open-plan coworking spaces, boardrooms, conference facilities and breakout areas.
The company signed 27,500 sq ft at the Arding & Hobbs building near Clapham Junction station in November. The site is managed by London-based real estate developer and asset manager W.RE.
Last year, it also agreed a deal for 60,000 sq ft at Santander’s Milton Keynes campus at Unity Place. Lloyds Banking Group announced it will relocate it 2,260 employees to 60,000 sq ft at X+Why’s Foundry, at Six Brindleyplace in Birmingham, which marked the city’s largest office letting in 2023.
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