G8 Consult advised Scale Space on the sale of The Poynt, a 23,000 sq ft flex workspace in Nottingham, to local operator Foxhall Business Centres.

Douglas Green of G8 Consult notes growing appetite from operators to scale through acquisition rather than organic growth. Tom Wilton of Foxhall says the deal fits their strategy to expand their workspace ecosystem in the city.

G8 Consult‘s Douglas Green highlights a growing trend where flex operators focus on repositioning second-hand office space, such as former WeWork sites in London like Shoreditch Exchange and The Bower, to save costs and boost returns.

Brands like Huckletree and Oneder are stepping in to manage these already fitted-out spaces, benefiting from lower capital expenditure and improved sustainability features.

This shift shows the flex sector maturing, with landlords more willing to partner with operators on their existing assets.

Douglas Green from g8 shares that "flex is the fastest-growing sector in real estate" and his 6 predictions for next year. It’s a good list covering things like energy costs, brands, consolidation, changing priorities, and once-again, landlords.

Douglas Green raises 3 questions about the current trajectory of flex footprint across the UK, focussing on how far can the sector go.

Their questions were whether we need to rethink the likely size of the sector, its impact on the Operator-led market; and whether it will be the catalyst for a recognised valuation formula for both managed and JV income.

Douglas Green shares two reasons why building owners are entering into joint ventures with experienced flex workspace operators.