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Investing.com -- Workspace Group has entered into a 20-year lease agreement with Qube for 32,000 square feet at The Old Dairy in Shoreditch, London EC2.
Qube, a rapidly expanding members’ club for music and content creators, will establish its flagship creator hub at this location, featuring premium studios and co-working facilities.
As part of the deal, Workspace has invested £3 million for a minority equity stake in Qube, securing board observer rights. This investment primarily supports bespoke fit-out works and is supplemented by a £3.45 million landlord contribution.
The partnership aims to develop a scalable specialist offering for music and content professionals, utilizing Workspace’s flexible, freehold-owned properties in high-demand areas with a Soho-house style atmosphere.
Workspace CEO Lawrence Hutchings stated that the collaboration aligns with market trends and supports the company’s goal to become the leading destination for London’s creators and innovators through disciplined capital allocation and specialist partnerships.
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