Workspace Group plc (LSE:WKP) has signed a 20-year lease agreement with Qube, a fast-growing members’ club for music and content creators, securing 32,000 square feet at The Old Dairy in Shoreditch, London EC2. The site will serve as Qube’s new flagship creator hub, featuring state-of-the-art recording studios, co-working spaces, and premium amenities designed for creative professionals.
As part of the partnership, Workspace has invested £3 million for a minority equity stake in Qube, gaining board observer rights. The investment will primarily fund customized fit-out works, complemented by a £3.45 million landlord contribution. Together, the two companies plan to expand a scalable, specialist workspace offering for London’s creative industries, combining Workspace’s flexible property portfolio with Qube’s community-driven, Soho House-style concept.
Chief Executive Lawrence Hutchings said the collaboration reflects Workspace’s strategy of disciplined capital allocation and market-led partnerships, positioning the group as “the destination of choice for London’s creators and innovators.”
More about Workspace Group plc
Workspace Group plc is a leading provider of flexible office space in London, catering primarily to small and medium-sized enterprises, entrepreneurs, and creative professionals. The company owns and manages a portfolio of freehold properties in high-demand locations, offering adaptable spaces designed to foster innovation and collaboration across industries.
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