Cubo, an operator of Derby flex offices, has recently purchased a 20,000-square-foot workplace in Glasgow. Cubo, Forma Real Estate Fund and the landlord have reached an agreement to take over the entirety of the second-floor space of Aurora, located at 120 Bothwell Street, a premier office site in the city.
Forma, in collaboration with development associate HFD Group, has created the 175,000-square-foot Aurora.
The Cubo portfolio will gain about 350 desks as a result of the recent purchase. A rooftop patio, fitness center, wellness area, auditorium, town hall meeting room, and podcast studio are all part of this project.
Cubo’s second location in Scotland will be in Glasgow; its first site, Cubo Edinburgh, will open at 40 Princes Street in July 2023.
“We are very excited to have secured what we believe is the best-in-class new Grade A space in Glasgow and look forward to launching Cubo in April this year” said Cubo’s CEO Mark Brough. “Our Edinburgh workspace continues to go from strength to strength and following openings in Manchester and Newcastle in late 2023, we see Glasgow as a critical piece in our plan to gain representation in all of the UK’s core city centres.”
UK head of asset management at Forma, Ben Dickins, followed up by saying that “The integration of Cubo as the serviced office provider at Aurora provides further support to our wider occupiers to facilitate either organic growth or project space.
“The comprehensive refurbishment of Aurora and the delivery of a smart and highly sustainable office is continuing to be attractive to a wide range of corporate occupiers.
“This letting to Cubo represents our second letting and although we have advanced tenant interest in further space in the building the opportunity remains for forward thinking occupiers to join us on this journey.”