Legal & General's new approach to flexible office leasing secures first tenant
15 Feb 2019
LGIM Real Assets (Legal & General) announces that Trapeze Group has taken a 2,207 sq ft fully fitted suite on the second floor of Union Plaza, Aberdeen.
Trapeze Group, a supplier of innovative, reliable and scalable technology solutions for the road and rail transport sector, is one of the first occupiers in Scotland to take advantage of Legal & General’s new “Capsule” offer. This new concept provides more flexibility in the leasing process, offering a range of options to suit occupier needs moving away from the traditional Category-A fit out and longer lease length, to fully fitted space let on a more flexible basis.
With Capsule, occupiers have a menu of options to meet their requirements. Trapeze Group took a “fully fitted suite” meaning they could occupy the suite quickly and cost effectively. The fit out followed a category A refurbishment and included internet connection and all furniture, kitchen, meeting rooms and sound proof pods. This facilitated immediate occupation and minimal business disruption from day one of their tenancy on a plug and play basis.
Full press release can be accessed via the link below
We recognise that office occupiers, irrespective of size and sector, are increasingly looking for a fast and easy leasing process which is fueling the market for flexible plug and play space... Capsule is a re-imagined process offering the market an attractive and mutually beneficial option, acknowledging the frustrations that send many occupiers towards flexible providers, while retaining the traditional benefits of leasing from an established provider.
Andrew Mercer, Office Sector Lead at Legal & General