Working from Home: The New Developments with Work Spaces
As the tubes get more congested and office space commands higher and higher premiums, working from home is becoming increasingly popular. And developers are taking note. Fiona Brandhorst takes a look at the the new developments with co-working facilities
Lead image: The Club Lounge at Keybridge Lofts, Vauxhall
If you’re one of the capital’s growing set of entrepreneurs or you work for a company that is flexible with its workforce, you’ll be looking to use your home as an office more often. Yet space is often an issue as well as missing the buzz of colleagues around you. So could the club-style lounges increasingly popping up in new developments be the answer for mixing business with pleasure?
At Goodman’s Fields in Aldgate, dedicated business lounges allow residents exclusive access to a traditional work-space environment. John Sanders, Managing Director at Berkeley Homes (North East London), says they have experienced an uptick in buyers who regularly work from home.
‘We find residents are using the development’s facilities as an extension of their own apartment, with all the infrastructure of an established office space.’
Sofas, tables and chairs, screens, and Wi-Fi enable residents to work at their convenience, often across time zones, all beyond the confines of their office or apartment. Prices at Goodman’s Fields start at £762,500 for a studio.
Finding a house with an 80ft green space in the city is rare, but Hamptons International is selling one that not only has planning permission for an office or studio in the garden, but also features a light-filled galleried study on the first floor.
The late Georgian artisan house on Jubilee Street in Whitechapel was originally two cottages and is on the market for £1,899,950. It’s a short walk to Whitechapel Station, which will be on the Elizabeth Line, opening in 2019, with direct links to Heathrow and Paddington.
Buyers like to have the opportunity to co-work and build relationships with like-minded thinkers
Forging a sense of community is what savvy developers are hoping to achieve by creating spaces for communal working, says Alex Greaves, Head of Sales at Marsh & Parsons New Homes: ‘The key is that buyers like to have the opportunity to co-work and build relationships with like-minded thinkers.’
At Vauxhall’s 37-storey Keybridge Lofts, the UK’s tallest residential brick tower, Mount Anvil and FABRICA by A2Dominion have created a Club Lounge with hot desks, meeting areas and Wi-Fi, designed so that residents can work and connect in a peaceful setting.
And there’s the option to soothe away any stresses in the 15m pool, gym, sauna and steam room. Prices for the studio, one, two and three bedroom apartments and penthouses at Keybridge start from £560,000.
Being able to use an in-house business lounge could work out cheaper than buying a bigger apartment as service charges are usually apportioned to the square footage of the property. In the capital, 5.3% of Londoners work from home regularly.
‘An increasing crossover between living and working spaces places even more emphasis on the home,’ comments Andrew Kafkaris, founder and director of Bruton of Sloane Street.
‘At the highest end of the market we are seeing the provision of private studies within apartments so professionals can work from their London base around the clock.’
An increasing crossover between living and working spaces places even more emphasis on the home
Renters at the recently launched Horizon development near Greenwich will not miss out on shared workspaces. The residents have access to a lounge, along with co-working space designated for home workers. The collection of 111 apartments is available exclusively for the private rented sector from JLL and includes one, two and three bedroom homes with rents starting from £1,300pcm.
At Nine Elms Point, 645 apartments and penthouses are spread over seven distinctive buildings, many with a balcony or terrace. On-site services include business facilities for conferencing and a 24-hour concierge service. Nine Elms underground station will be right next door when it opens in 2020. Prices start from £604,950 for a studio apartment.
Barratt London’s Landmark Place offers residents a private business lounge, conference room and a 24-hour concierge, as well as a health suite overlooking the Thames at Tower Bridge, perfect for winding down at the end of a busy day, wherever you have been working. Prices are from £899,999 for a one-bedroom apartment.