Wilmslow-based The Colony Group is to open a new co-working and luxury office space in Alderley Edge after securing £1.6 million from Stockport-based lender, Together.
The property investment group has bought a 7,000 sq ft office complex in the centre of West Street, Alderley Edge, to add to its portfolio of properties in Cheshire and South Manchester. The group will renovate the 1990s-built complex in the village centre to create a luxury workspace, complementing existing spaces in Stockport, Knutsford and Goostrey and at the business’ HQ in Wilmslow.
Edward Kershaw, co-founder of The Colony, said
“West Street By Colony will be a fantastic addition to our brand of unique workspaces in accessible locations across Cheshire.
“Our new Alderley Edge property will be completely transformed over the next couple of years to bring it up to the same high standards of the other luxury work spaces in our portfolio.”
He said that since coming out of lockdown, executives have become more reluctant to work from home, but don’t want to be struggling through traffic into the city centre each day, with The Colony’s sites offering greater flexibility. Mr Kershaw said:
“Members and tenants will have access to all our high-end properties in various locations around Cheshire and South Manchester.
“Many of them take offices in Stockport or Knutsford but will also use The Colony HQ in Wilmslow once or twice a week, to give them the flexibility and use of all the additional high-quality facilities they want.”
Currently, The Colony has its flagship HQ in Wilmslow, consisting of serviced offices, a bar and restaurant, various event spaces and multiple luxury boardrooms, all with striking views over the countryside. Having worked with Together on previous schemes, Edward approached the finance company to fund his latest project. He added:
“We were impressed by the group’s communication and the relationship we’ve maintained with them going back a few years, so they were the obvious choice when we were looking for the finance to expand our portfolio.”
Ritchie Watson, Corporate Lending Director at Together said:
“We are delighted to have played a part in helping The Colony in the acquisition of this new premises.
“Demand for flexible and agile working locations boomed since the pandemic, and stunning, modern additions such as those offered here are perfect for companies and sole traders looking to work flexibly outside the city centre.
“This is an excellent example of how fast and flexible finance, as Together offers, can be used to help our customers achieve their property ambitions.”