Workspace as a service for Commercial Landlords and leaseholders with surplus space

Connect with our Real Estate Director

Ben Hutchen
Ben is a new addition to our senior team, having joined Orega in November 2021. He is responsible for managing and growing our real estate portfolio. Previously, Ben was Group head of Property at Clarendon Business Centres, with a strong track record at Avison Young and Strutt & Parker before that. He has extensive experience in the UK flexible workspace and wider Real Estate sector. He is a passionate believer in the value that flex brings to landlords and occupiers alike - and that 'the time is now' for our sector.
 
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Ben Hutchen
Ben Hutchen - Real Estate

Supported by senior property figures

Senior industry figures Andrew Haynard and John Snow joined Orega as advisors to our board. Andrew Hynard was previously Chief Executive of the Howard de Walden Estate, the £4.6 billion commercial and residential property estate in Marylebone. John Snow was previously Head of the UK Commercial Business of Knight Frank, Global Head of Office Agency and responsible for Knight Frank’s commercial activities in North America.
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Andrew Hynard JLL Howard de Walden Estate John Snow Knight Frank Zach Douglass Orega
Andrew Haynard, Advisor | Zach Douglas, CEO | John Snow, Advisor

30%+ above-market returns in an uncertain world

We specialise in Management Agreements for landlords and occupiers with surplus space, which are a more stable and profitable alternative to the traditional lease. Our experience shows that the best returns are generated by partnerships - not a one-off real estate transaction. So we will work with you to generate the maximum returns over the course of the agreement - offering certainty, full transparency and improved earnings for you.
See your returns
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Less risk and faster speed to income

With Orega, you won't have to worry about tenants renegotiating or short term leases with extra costs or having outstanding rent payments - or the threat of SPV collapse. Orega has a proven track record of delivering reliable, above-market returns for landlords over 20 years.
See how it works
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Commitment to ESG

Orega is committed to acting responsibly in all aspects of its business. Having undertaken a materiality assessment during the year with a leading ESG (Environmental, Social and Governance) advisory firm, the Group continues to develop its initiatives to reduce, where possible, its environmental impact as well as support its people, clients and society.

ESG standards in place today

  • BREEAM More info

    BREEAM to a minimum – very good standard.

  • Orega-Serviced-Offices-London-GracechurchSt-Breakout Space Area_Website_1258x800
  • Using energy efficiently More info
    ENERGY- HVAC and lighting systems that supply Orega spaces based on conditions and utilisation.
  • Orega-ServicedOffice-OldBailey-MeetingRoom_Website_1258x800
  • Renewable energy More info
    RENEWABLE ENERGY supply to our
    buildings.
  • balloon-street-serviced-office-manchester
  • Supply chain More info
    SUPPLY CHAIN- Using ESG conscious, where possible local providers and recycled consumables.
  • Biophilia More info
    BIOPHILIA in all locations.
  • Low paper model More info
    LOW PAPER MODEL
  • Balloon Street Manchester Offices Email Body
  • Reducing transport miles and packaging More info
    REDUCING TRANSPORT MILES AND PACKAGING IMPACT by using soluble chemicals small enough to fit into an envelope.
  • Single use plastics More info
    SINGLE USE PLASTIC- In 2019 we
    launched the Orega reuse water bottles to 8,500 workspaces.
  • Orega-Stockley-Park-Exterior_website_1258x800
  • Waste More info
    STREAM ALL WASTE AT SOURCE- A minimum of general and mixed recycling and then further stream of recycling types by team.
  • Education More info
    DRIVING THE CONVERSATION- Using our 8,500 community platform we support all the significant environment days.

Our story

The UK's leader in Management Agreements

We pioneered the Management Agreement with the vision that partnership leads to success for all. We promise never to cut corners or prioritise style over substance. Instead, we invest in our spaces so our clients can unlock their full potential.
Get in touch
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Balloon Street office space
Independant

Independent

Over 20 years’ experience providing premium quality flexible workspace to ambitious companies.

Growing

Growing

With over 500,000 sq ft of flexible space across 21 locations , we aim to double in size over the next 3 years.

Stable

Stable

We are well funded and continue to invest in our business, irrespective of the economic situation.

A partnership for success

long term partnership

Long term partnership

  • 10 year plus agreement 
  • Profit share after all costs and full rent is paid 
  • Agreed allocation of income
sharing investment and risk

Co-investment approach

  • Orega invest circa 50% of capital to create flex product
  • No start up costs or fixed management fees
  • Orega only recover their costs from the income generated
open and transparent model

Open, transparent model

  • Comprehensive forecasting and reporting 
  • Fully transparent
  • No hidden costs or mark ups
  • Full right of audit

Benefits

outstanding returns

Outstanding returns

  • Double digit returns above a traditional lease model and speedy solutions to cost recovery for businesses who now have too much space.
speed to income

Speed of income

  • 20-24 weeks from presentation space being ready to occupy (from CAT A)
    • 4-6 weeks lead time
    • 14 weeks build
    • 2-4 weeks set up
no conflict

No conflict

  • Orega are the ‘PURE’ management agreement business, we don’t have competing leases and committed rent cheques around the corner to worry about.  If delivering double digit yield is the objective and best in class amenity we are fully aligned.

Our offering

  • concierge-service-coral
    Exceptional business hospitality
    Our hospitality led approach allows our customers to create an exceptional first impression and attract the best talent. NPS 65, 5* google rating, 80% retention.
  • look-bigger-coral
    Style and substance
    Our customers see their productivity soar in space that is both design led and practical.
  • Orega social copy 5
    Over 10,000 customers
    We support thousands of customers every day, helping them to reach their ambitions.
  • Orega social copy 6
    8,500 workspaces
    We have a range of spaces to keep you at your best, from private offices to breakout spaces.

Orega locations

Orega is one of the UK's most established flexible workspace brands. Founded in 2000, we now operate 21 centres across the UK.
 

Orega locations

 

Commercial Landlords we partner with

What landlords say about Orega Managed Agreements

We have been in partnership since 2008 at the iconic Beehive (original terminal building) in Gatwick. Orega have delivered double digit returns about the agreed market rent for many years. Which was the reason we have extended our agreement which now runs until 2029. Orega are a trusted partner.
South East based landlord
Over the last three years working on behalf of my client we awarded Orega 50,000 sq ft and they have created premium flexible workspace. Initially one floor of 25,000 sq ft and within less than 9 months after Orega delivered the look and feel as committed and then were significant ahead of forecast occupancy we awarded a further 25,000 sq ft.
City of London based landlord
We have been in partnership since 2018, in two centres in Glasgow and Leeds. For Glasgow, we went to the market using a consultant. Having got to know Orega, the company quickly became our chosen provider. Orega have delivered in line with our expectations, communicate effectively and have become a trusted partner.
Regional based landlord

Why clients choose Orega

We've packed our premium workspace with extra features to help you boost productivity and morale.
  • bespoke-design-service Bespoke design service More info
    We’ll help you make your office space your own.
  • additional-soundproofing[1] Extra soundproofing More info
    We go further to make sure you enjoy peace and quiet.
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  • wifi High speed wifi More info
    All our spaces are covered by lightning fast, ultra-reliable wifi.
  • communal-spaces Collaboration spaces More info
    Space away from your office to connect with colleagues.
  • 24-7-cctv CCTV monitoring More info
    Rest easy: our office space is being monitored 24/7.
  • concierge-service Concierge service More info
    Second-to-none hospitality from people with a passion for service.
  • air-con Climate control More info
    Quiet aircon to heat or cool your space as you like it.
  • central-locations
  • it-and-telecoms Supercharged connectivity More info
    Ultra-reliable IT with support and advice (and a backup line just in case).
  • keyless-access-grey-1 Keyless access More info
    Everyone gets their own smartcard for easy access 24/7.
  • PTAIT_20200504_5831-1
  • generous-desk-space-grey-1 Generous desk space More info
    Spread out and enjoy more desk space than our rivals.
  • barista-style-coffee-grey-1 Barista-style coffee More info
    Unlimited espresso-based coffee, ordered from your phone.
  • tech-enabled-meeting-rooms-grey-1 Tech-enabled meeting rooms More info
    State-of-the-art, impressive rooms for confidential conversations.

 

What our clients say about Orega

Can totally recommend this superb organisation. Fantastic customer service, great locations and well equipped meeting rooms, but most of all, really helpful, friendly and accommodating staff - I would especially like to thank Lucia and Anca for their first class service
Michelle Powell
I love these offices. Perfectly located in the City and really modern and airy inside. The reception team are helpful and friendly and the meeting rooms are great with some really easy to use tech.
Michael Buckworth
MarketsFlow and I are highly impressed by all aspects of the service, nicely decor office facilities, great meeting room, excellent attention to detail overall. To top it all, it is a pleasure to work with Romy and Natalie on all aspects of Office Management. They have played a critical part in growing MarketsFlow and I am grateful!
Tom Nash
My favorite office at work! I love how we get a bowl of fresh fruit every morning and a machine with real coffee (and various drinks) not just instant one. The people at the reception are very personable :)
Asya Sabruteva
Working with Orega has been a pleasure from day one. They constantly go above and beyond to make sure we are happy and are always going one step further than expected to allow us to do our jobs effectively. I would highly recommend anyone to work with Orega. They are a great bunch.
Oliver Marsh
Been to a few serviced offices and I have to say I really love Orega's offices in Gracechurch Street. They are modern, clean and with good room facilities, high end equipment. Furthermore, what would good facilities be without the great and friendly staff there!
Alex Plytas
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