Using our knowledge and years of experience, we identify buildings in London that are currently not delivering value to the area they are in.
We transform these spaces into blank canvases which businesses can use to create the working environment that suits their business needs and lifestyle. All at a cost that no one else can compete with in the market.
At Purpose we are flexible, while keeping things simple. We take on any types of space for any term. We then have 3 models of working that offer:
Purpose takes a share with a management fee on a management agreement.
Purpose take the lease, Purpose Capex is repaid first and then the profit is split between the Landlord and Purpose.
Purpose takes over managing the service charge and all of the leasing deals. Purpose are then responsible for marketing and filling the building.
Since 2016 we have been transforming obsolete buildings into thriving workspaces for a wide range of Small and Medium sized businesses. We work with an amazing range of businesses, from traditional work spaces to fashion designers, pasta makers, and even a climbing center.
Our spaces are incredibly versatile, our locations appeal to a spectrum of businesses and our prices are so competitive its become a very compelling offering. By the summer we will be a full occupancy. Pretty impressive considering the market!
30,000 SQ FT
Capital House, our very first building. A 30,000sqft building located immediately adjacent to The Shard. Taking on the site in August 2016, the site was acquired by Greystar who allowed us to use the building as a meanwhile space whilst they secured planning for redevelopments. At the end of our term, the building was at full occupancy.
180,000 SQ FT
In 2017, we were still managing our 30,000sqft space at London Bridge, and in addition, acquired Laser House, a 70,000sqft site in Clerkenwell an 80,000sqft industrial space in Bermdsey at the former Biscuit Factory site.
215,000 SQ FT
In 2018, we acquired two further sites. The first was in the form of 20,000 sq ft at Tileyard Quarter in King’s Cross. Prior to our occupation, the site had laid vacant for 4 years and is now a thriving workspace spread across two large converted industrial buildings providing characterful open-plan spaces. The second of these new buildings was Pelican House in Bethnal Green, which is a 15,000sqft site where we have constructed a cafe for the building and have filled with a variety of artists, businesses, freelancers, and charities across the four floors of the space – activating the outside courtyard space for events such as theatre performances.
225,000 SQ FT
Following on from our success in acquiring two new buildings in 2018, we added a 7,000sqft building directly opposite Borough station, and our flagship site in Tottenham, a 100,000sqft former Iron Mountain storage facility – now a bustling hub for creatives, businesses, musicians, artists, artisans and more. It’s provided a popular site within the community for local film and music video productions.
205,000 SQ FT
With the uncertainty of the pandemic, we did not acquire any new sites in 2020, but managed to keep our sites to near full occupancy throughout the year.
360,000 SQ FT
So far in 2021, we have added 180,000 square feet of office and industrial space in Mill Hill and a 33,000 sqft site in Kentish Town. We plan on adding much more in the future.
369,000 SQ FT
In 2022, we have added a new 6,000 square feet site in Old Street, and 7,000 sqft (2 floors) site in Shoreditch, with a potential of obtaining more floors in the near future. Both sites have been fully refurbished.
Our intention is to rapidly grow our portfolio of business in 2023, in a sustainable and profitable way, not reliant on debt.
We are expanding our experienced team across building contractors, designers, facilities experts, property and marketing professionals that can handle the entire life cycle of large commercial refurbishments.
We are raring to go and looking forward to talking.
For more details contact our office – email@example.com, tel:02081 757 585
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