LABS, the coworking company that helps start-ups, scale-ups and established businesses grow, has announced the launch of LABS Enterprise. The new venture is dedicated to providing outstanding workplaces for businesses who have over 50 employees. LABS is backed by a 2m sq ft London property portfolio, providing its members space to grow. Tenants have the flexibility to design, build and operate a bespoke suite, floor or entire building.
Dotan Weiner, chief operating officer at LABS said, “We know there are a growing number of corporate businesses that want to enjoy the advantages of flexible workspaces and cutting-edge property management whilst maintaining an outstanding private office. People, irrespective of the company they work for, need the tools to collaborate, opportunities to grow and space to recharge.”
LABS Enterprise offers global businesses the opportunity to create a UK presence or headquarters without having the complexities traditionally associated with a lease. Enterprise workspaces include membership to the LABS Collective, which is an opportunity for businesses to connect, share knowledge and partner with an engaged network of like-minded members. This new initiative introduces another layer of community to the Collective which currently numbers 2,600 members.
Slater & Gordon, one of the UK’s leading law firms, recently relocated its London teams from Chancery Lane to LABS 90 High Holborn where they benefit from a sole-occupancy LABS Enterprise workspace tailored to their needs.
A Slater & Gordon spokesperson said, “The new, flexible space means the teams are able to work in a more agile way, providing them with a choice of settings to best suit different activities, while also benefiting from the secure systems and fantastic amenities on offer.”
For one monthly fee LABS Enterprise will deliver an all-inclusive service that encompasses all of the expenses incurred by an office, for example; dedicated IT solutions, ergonomic furniture, meeting rooms, hospitality facilities, utility bills, cleaning, security and maintenance.
Dotan Weiner, chief operating officer at LABS said, “It’s no secret that traditional offices can be complex and costly to run. We understand that companies need the facilities and services to empower their workforces to achieve more with the convenience of a single invoice at the end of the month.”
LABS Enterprise is part of the LabTech Group, founded by serial entrepreneur Teddy Sagi, and is backed by a £3bn property portfolio which includes world-famous locations such as Camden Market, Holborn and the tallest skyscraper in Israel, the Azrieli Sarona Tower. LABS locations are carefully selected, acquired and reconfigured based on a client’s needs and are all located in well-connected metropolitan centres.
Over the past two years, LABS has supported the growth of start-ups, one member began with a handful of desks and grew to 160 employees. The launch of this new venture caters to the growing demand for dedicated workspace solutions packaged with peerless services and vibrant work culture from mature businesses. Recent research from broker Instant Offices shows that 40% of demand for flexible office space will come from large and corporate companies by the end of 2019.