Akoya will meet the desire for workers in Greater London to work locally in the wake of the Covid-19 pandemic. It is a progressive workplace strategy, focusing on localism and a work-life balance for occupiers. Healthy lifestyles, occupier wellbeing and local communities form some of the key themes.
Akoya will take meaningful steps towards being a net-zero carbon portfolio and build efficient workplaces that embrace passive design and protect natural capital. Its buildings will possess the very best digital platforms, as well as being physically connected to a range of transport choices that promote more flexible working practices.
Akoya is targeting a portfolio size of at least £1 billion across a number of strategic clusters. It launches with four assets, including its flagship, Lonsdale Road in Queens Park, a unique road of workspace forming the heart of the surrounding community. The other three assets are NW Works, also in Queens Park, providing repurposed industrial space in an attractive gated setting; Power Road Studios in Chiswick, which provides innovative workspace set over four distinctive studio building and was acquired from Helical earlier this year; and Netil House in Hackney, a 48,000 sq ft building by London Fields, which provides office studios with lofty ceilings, cafés, restaurants, terraces and retail.
Will Amies, Founding Partner of BPP, said: “We believe that Akoya is being launched at an opportune time, with Covid accelerating the desire to work in local, neighbourhood workplaces rather than commuting into central London.
“We believe in localism and work-life balance. Akoya properties stand for affordable, sustainable workplaces that are healthy and happy, supporting the communities where we invest.
David Turner, Founding Partner of BPP, said: “With its clear and well-defined strategy, Akoya is able to make quick and considered investment decisions, as we actively grow the portfolio. Our ability to close transactions with cash and finance afterwards affords us the opportunity to offer sellers speed and certainty in what might be volatile market conditions in the near term”.