Knight Frank Yours IMAGE

Knight Frank aims to reduce landlord burden with flex platform

The global property advisor has partnered with flexible office provider Work.Life to launch managed workspace solution, Yours.

Yours is aimed at landlords who wish to provide a customer centric and capex efficient managed solution, but don’t have the capability to take on the operational burden.

The platform hopes to streamline the delivery of resalable workspaces by offering a suite of ongoing services to businesses, including access to Work.Life’s network of coworking spaces.

Work.Life has over 3,000 members across nine coworking spaces in Fitzrovia, Soho Hammersmith, London Fields, Camden, Clerkenwell, Bermondsey, Reading and Manchester.

James Nicholson, partner at Knight Frank, said: “It is undeniable that the office leasing market has changed exponentially over the last five years, with occupiers demanding more flexibility and tailored solutions to suit their requirements. For landlords not developing their own solutions, we believe that partnering with established and trusted operators is the best and most sustainable model.

“We have partnered with Work.Life to deliver Yours, as we believe our combined capabilities perfectly address the colliding old and new models of real estate, creating a unique proposition for our clients.”

Landlords can continue to market conventional leases in parallel and only where Yours sources a business for the solution is any capital committed.

Helen Turner, appointed as a partner at Knight Frank to focus on Yours, said: “Yours is perfect for the increasing number of SMEs outgrowing the coworking model, and for more mature businesses looking for flexible solutions to complement their core, leased real estate.

“Together we offer a credible customer-centric solution to help our landlord clients minimise void periods and maximise income.”

David Kosky, co-founder of Work.Life said: “With more and more landlords struggling to let space traditionally and our existing coworking business focused on smaller SMEs, Yours presents the perfect opportunity to leverage our extensive operating platform to deliver a best-in-class solution for landlords now entering the flexible office market.”

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