Belfast Telegraph

Commerical Property: Collaborative office space first of its kind in Belfast city centre

By Emma Deighan

The first-of-a-kind shared office space has been launched in Belfast by Causeway Asset Management.

StepSpace at Centre House on Chichester Street is a new "ecosystem" aimed at "fast-scaling" tech companies.

It is part of an initial £3m investment which will see the company roll out similar projects throughout Northern Ireland.

It was developed to bridge a gap between co-working office space and the traditional city centre office letting and as a result it offers ongoing memberships instead of conventional fixed five or 10-year leases.

Made up of private office space set around a communal core and offering additional operational and support services including recruitment, funding and navigating grants, StepSpace's flexible design allows businesses to grow in a "fully scalable, modular office environment" without having to relocate.

Ann Trueman, manager of StepSpace, said: "We can convert a 10-desk office to a 15 or 20-desk office in the space of a weekend to meet the needs of our occupiers.

"The collaborative core at the heart of the venture gives our members all the benefits of a co-working space, combined with the privacy requirements of a scaling business.

"This approach allows our members to focus on their own business while also availing of a shared support ecosystem of other companies going through the same journey, at the same time, in the same space."

StepSpace at Centre House has filled over 50% of the 80 desks available.

Its new tenants include Whitespace, headquartered in London and run by Andrew McCartney, which will take a 20-desk office from early July.

And a local tech company is also finalising a 30-desk membership.

Danielle Hanvey, asset manager at Causeway Asset Management, said: "We've been overwhelmed by the interest - 50% occupancy pre-launch bodes well for the future success of the brand."

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.