Managed flexible office space provider, Canvas Offices, is on track to launch its flagship 35,000 sq. ft. building above Holborn Tube Station in May this year.
Secured via a long-term lease with Israeli real estate giant Eido Hagag, ’88 Kingsway’ is an ornate Victorian building that retains many of its original features and is the former home of the British Electrical Federation.
Canvas’s reputation for creating high quality office spaces that blur the lines between home and work has generated a large number of enquiries from a range of ambitious, scale-up businesses and global unicorns. The building has already achieved a prelaunch occupancy rate of 41%.
Having doubled the size of its portfolio over the last 12 months, Canvas now boasts 15 sites across prime central London neighbourhoods including Mayfair, Shoreditch, Old Street, Clerkenwell, Farringdon, and Holborn. Not only is 88 Kingsway the latest addition to the Canvas portfolio, but it is also the most significant project that the company has undertaken to date.
Yaron Rosenblum, Co-founder and CEO of Canvas Offices, said: ‘We’re very excited to say that we’re on schedule to welcome our first tenants to the Canvas community at 88 Kingsway in May.
‘Spanning seven different floors, this incredible building will be transformed into a thriving, design-led workspace in one of London’s top locations, with highly accessible transport connections east to west and north to south via the Central Line and Piccadilly Lines respectively.
‘The Canvas brand is established on creating high quality, bespoke spaces that not only meet the needs of businesses, but ensure the enjoyment and wellbeing of employees. 88 Kingsway epitomises our design led approach, which has helped fuel our rapid expansion within the Capital.
‘The level of demand that the building has generated has been unsurprising to us, given our strategic approach to choosing the locations and neighbourhoods in which we operate. Due to the rate of interest in 88 Kingsway, we expect the occupancy rate at this large, beautiful building to continue to soar.’
Established in 2018, Canvas Offices is on an exciting trajectory for growth after securing £2.5 million debt in debt investment in October 2022. Underpinned by a growing team of industry experts, its buildings are home to hundreds of ever-expanding businesses from start-ups to global unicorns, including influential brands like Rough Trade, Patchwork, Malin+Goetz, and Augustinus Bader.