InstantOffices News

FM World highlights the benefits of the managed procurement approach

Fri, 10 May 2013 12:13:28 GMT

May 10th 2013

Instant’s Gavin Foreman recently gave an insightful interview to FM World about the Managed Office solution.

Below is a brief excerpt from the interview:

“More and more, we’re seeing a just-in-time approach to business. Companies are seeking efficiencies by sourcing what they need only when needed so they aren’t typing up capital. Why shouldn’t this practice translate into property? We work with clients to help them build flexibility into their property portfolios.”

Instant’s managed offices division provides a managed office for an all-in-one cost. Quarterly rent covers everything including acquisition, property, fit-out and FM.

Foreman says this means occupiers have no upfront capital expenditure. Instead, the cost of activities such as fit-out are spread over fixed quarterly payments for the terms of the contract, making this client’s financial forecasting more accurate.

He says clients increasingly see Instant’s managed offices as an alternative to traditional self delivery when procuring space, particularly when internal resources are scarce. Outsourcing their property activities allows them considerably more time to focus on core business.

“Companies often say they self-deliver, but do they really? Whether they’re appointing a single project manager, or have an entire property team in place, typically each chunk of the project is likely to be outsourced to a supplier with specialist skills.”

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Property Awards 2013

Thu, 18 Apr 2013 11:01:10 GMT

April 18th 2013

Last night, Instant attended the Property Week Awards, arguably one of the most notable events in the property industry calendar. As sponsor of Office Agency of the Year we were delighted to present the award to Jones Lang LaSalle. Congratulations to all those nominated under the various categories for their outstanding achievements in the past year.

Follow this link to view videos of the awards ceremony.

Full list of winners

Property Personality of the Year (sponsored by SJ Berwin)

Winner: Raymond Mould

Property Company of the Year (sponsored by Deloitte)

Winner: Hammerson

Highly commended: Segro

Young Property Personality of the Year (sponsored by Irwin Mitchell)

Winner: Jason Kow – Queensgate

Property Entrepreneur of the Year (sponsored by DTZ)

Winner: Jamie Ritblat – Delancey

Property Fund Manager of the Year (sponsored by Gallagher Heath)

Winner: Legal & General

Deal of the Year

Winner: The £400m sale of Battersea Power Station

Developer of the Year (sponsored by Savills)

Winner: Argent

The Regeneration Award

Winner: King’s Cross Central

Highly commended: Titanic Quarter

Global Real Estate Achievement of the Year (sponsored by Qube)

Winner: Prologis

Occupier of the Year (sponsored by MWB Business Exchange)

Winner: Co-operative group

Highly commended: Burberry

Sustainability Achievement Award

Winner: British Land

Property Newcomer of the Year (sponsored by Cluttons)

Winner: Crosstree Real Estate

Office Agency Team of the Year (sponsored by Instant)

Winner: Jones Lang LaSalle

Investment Agency Team of the Year (sponsored by D2 Private)

Winner: Jones Lang LaSalle

Highly commended: GM Real Estate

Industrial Agency Team of the Year (sponsored by Chancerygate)

Winner: Jones Lang LaSalle

Highly commended: Telsar

Professional Agency Team of the Year (sponsored by DSR)

Winner: Colliers International - Rating Team

Highly commended: Knight Frank - sustainability consultancy team

Retail Agency Team of the Year (sponsored by Bride Hall)

Winner: Cushman & Wakefield

Highly commended: Lunson Mitchenall

Leisure Agency Team of the Year (sponsored by NovaLoca)

Winner: Savills

Highly commended: Coffer Group

How Managed Offices can help FDs simplify forecasting and smooth property costs

Wed, 17 Apr 2013 15:31:04 GMT

April 17th 2013

A recent report by PwC, Financial planning: Realising the value of budgeting and forecasting raises some interesting points. It concludes that forecasting, across industries and businesses of all sizes, continues to be seen as an unnecessarily time consuming, irritating and inaccurate process, with 83% of respondents saying that budgeting at their company takes two months or longer to complete. But why is this the case and how can FDs improve the procedure at their organisations?

Perhaps the biggest challenge to forecasting is ensuring that departmental heads take full ownership and responsibility for their budgets and are as accurate as possible when preparing them. It is unlikely that your department heads are trained in producing budgets and in the wider finance requirements that this brings, their budgets are often incomplete and, therefore, inaccurate. Many are too bullish or too prudent, or only think of the more obvious direct costs relevant to their own departments, rather than overheads that are required to run the business as a whole.

For example, if they have budgeted for additional headcount within their teams, these salary costs will often be included in their forecasts, but other broader costs such as computers, stationery or even the consideration of office space to accommodate the new employees is very often excluded.

Traditionally it is seen as the role of Finance to pick up these additional budget areas, and no responsibility for them is taken by the business. FDs must invest in explaining and training for the department heads, to ensure that they understand that budgeting is not just down to the finance team alone; it is their responsibility to drive and own their department budgets, and in turn this gives them full visibility to the ‘true costs’ of their business area. For some FDs, this will require changing the culture within their organisation – so managers understand the value of budgeting – clarifying that the FD’s job is to compile and communicate an overall business forecast to the board or shareholders, and not the delivery of the budget across the business.

As department heads are usually the people with the ability to provide the FDs with the most accurate information, regular, preferably monthly, review meetings are essential, so if there are inaccuracies, department heads understand where and why they went wrong. This will help educate them and means they are more likely to compile accurate forecasts in the future, saving time for everybody involved. It is also vital that any changes to the wider business plan are incorporated into any re-forecasts that happen during the financial year. If these changes are not considered during this process there will automatically be a deviation from the set budgets. In a tough economic climate, more suppliers are now requesting accurate forecasts rather than statutory accounts.

Although monthly rolling forecasts do take time and resources which can be a challenge for smaller finance teams to compile, I would recommend them to any FD as this approach is much more efficient in the long term.

Interestingly, the PwC report notes that monthly rolling forecasts are no longer an emerging trend, but rather, are becoming an established practice. Another reason for inaccurate forecasts is that businesses do not have enough of a handle on their variable costs. Costs for equipment and property, such as maintenance, can be highly unpredictable and the key is to fix as many of these as possible. Most businesses have at least some non-core activities which can be outsourced for a fixed price, at a similar cost to the company carrying it out themselves. When looking at outsourcing elements of your business, it is vital that you look at the core cost savings plus the time savings of people within your business in the management and delivery of these services, as both are key to understanding the true business benefit of outsourcing.

Managed Offices and serviced offices are a great way to fix all property related costs. Rates, utilities, cleaning and maintenance are consolidated into fixed monthly, or quarterly payments, which is beneficial as these tend to be the hardest costs to predict. For the majority of businesses, rent and property management is the second biggest cost after salaries, so being able to fix these costs in the long term can be highly beneficial. Also the time saving of managing all of these costs and the paper work that goes with them could be as significant as a whole head count saving in your Finance team.

This is particularly true for companies requiring cash buffers, preventing them from dipping into their overdrafts. For example, the cost of fitting out a Managed Office (an alternative to serviced offices and leased traditional space, with a bespoke fit-out and location) is taken on by the Managed Office provider and spread over the term of the agreement. This limits upfront capital expenditure, allowing more cash to stay on the books, and gives leeway for forecasting inaccuracies.

The macro environment is another challenge to accurate financial planning. Different clients will be affected by different conditions and many firms will wait to hear government policies and regulations relevant to them before making significant expenditure. It is worth remembering that businesses will often wait until the government’s annual budget is announced before making decisions too. Therefore, keeping up with regulations that affect your clients, and the macro climate in general, can be useful when forecasting.

One option of building the impact of these into your budget is looking at ‘sensitivities’ within the budget as a whole, ie applying a 2% revenue drop on the overall turnover to see what the worst case scenario may be, or applying a slightly higher foreign exchange rate to all currency transactions and looking at the impact.

In addition, it is critical that FDs keep up to date with their company’s business plan and any shifts in strategy. This is an area that good management teams will constantly review according to business performance and the macro environment. Business plans should always be flexible so a business can quickly react to different trading pressures. However, keeping a budget and forecast as flexible as possible is much harder, as it needs to be accurately aligned with changes to the business plan. Again, regular meetings with management and frequent forecasting are imperative in ensuring this can be achieved. It is also essential to understand the growth requirements of shareholders and investors.

There is a fine balance between trying to please them with a budget, and setting a realistic and achievable budget. Any expected changes should be communicated as early as possible, with relevant detail. If growth or revenue is going to be lower than expected, you must explain why, and if necessary, suggest a solution such as cost cutting measures to address the problem. Reporting against the monthly budget, but also extending this to show the impact against the total financial year budget is key to fully understanding variance you are reporting, and putting it into context.

When producing forecasts, FDs must also consider different stakeholders such as shareholders, management and suppliers. How should Finance engage with these different groups? What areas of the business are important to them? You must define the level of detail to which you report to each group, with different stakeholders having different priorities. You should be prepared to adapt or expand on areas for particular parties where necessary, without confusing them.

Clearly financial forecasting is not easy, but there are measures FDs can take to make it more accurate and efficient. A significant part of an FD’s role is to communicate with senior management, and to ensure they give real, focused input and take responsibility for their entire P/L. And of course, regularly reviewing forecasts – and keeping as tight a handle on costs as possible – should lead to more accurate budgets.

Author: Charlotte Vitty, Finance Director, Instant

Instant CEO leaves to pursue fresh challenges

Wed, 20 Mar 2013 09:52:01 GMT

Press Release - March 20th 2013

Patrick Elliott joined Instant as CEO in August 2011, with the objective of securing outside investment
In December 2012, private equity house MML invested £16 million to take a minority stake in the flexible office specialist
With this milestone achieved, Patrick has decided to leave Instant to pursue other business building opportunities

Instant’s December 2012 private equity injection of £16 million secured an exit for the company’s founder, Rob Hamilton, enabled other senior managers to realise part of their value created to date, and put in place the financial structure needed to support Instant’s ambitious growth and business development plans.

Patrick Elliott said: “It’s been an exciting and challenging period and I’m pleased I’ve been able to drive development of this business, delivering a significant increase in sales and profits, getting Instant investment-ready, and positioning it for tremendous growth. I wish management and staff great success in delivering on this growth in the coming years.”

Clive Williams, Instant’s Chairman said: “Patrick’s knowledge and experience was instrumental in guiding Instant through the complexities of completing a private equity transaction. On behalf of the board and shareholders, I’d like to thank Patrick for his contribution through this period and wish him success in his next venture.”

Until a successor is identified, Managing Director Seb Royle and Global Sales & Strategy Director Patricia Bacon will jointly take the helm.

Luke Jones of MML said: “Both Patricia and Seb have been with Instant for a number of years and we are confident that the business will continue on its growth trajectory under their leadership, while a successor is identified and appointed.”


Patrick Elliott		Patricia Bacon		Seb Royle

Instant’s Managed Office concept growing fast in multiple sectors and internationally

Mon, 14 Jan 2013 09:31:57 GMT

Press Release - January 14th 2013

An Instant Managed Office enables companies to cost-effectively outsource the task of seeking, fitting-out and managing bespoke flexible office space.

Already growing in recognition within the UK, Instant’s Managed Office concept has recently also expanded into continental Europe, clearly demonstrating it is changing the way businesses think about how they occupy their office space. The company is providing Serco, the international service business, with a flexible turnkey solution specially tailored to its requirements on offices in Teltow, Germany.

Serco's Managed Office in Teltow, Germany

Managed Offices can suit many different occupiers with a wide variety of requirements. For example, publishing group Macmillan is using a Managed Office to temporarily house staff in space close to its main Kings Cross office, while part of it is renovated. Rapidly expanding American “big” data company Causata has just used a Managed Office to expand into the UK, achieving efficiencies because it doesn’t have to deal with landlords, solicitors and fit-out contractors in a foreign property market.

Causata's Managed Office at 109 Baker Street

In addition, the concept is popular with infrastructure companies who often require offices with tailored fit-outs, close to their construction sites. One office Instant manages for Network Rail directly overlooks its construction site, while another four-storey Managed Office is customised to specific site needs with extensive welfare facilities and locker rooms on the ground floor and project meeting rooms above.

3,000 sq ft of Instant Coffey at Baker Street

Mon, 14 Jan 2013 09:06:23 GMT

Press Release - January 14th 2013

Instant, the flexible office specialist, has provided international services company Coffey International Development with an 3,000 sq ft Managed Office at 109 Baker Street. Instant has delivered a turnkey outsourced service – finding the building, leasing it for a five year period, fitting it out and managing it – for an all-inclusive, fixed quarterly rent. All Coffey has to do on day one is move in and start working.

The deal represents a growing trend where businesses seeking longer term office space are finding managed offices to be a cost-effective option. Coffey, which is headquartered in Reading, has had a London serviced office for more than a year, but decided to take an Instant Managed Office because, while enjoying the convenience of serviced offices, it required space more tailored to its needs.

Instant uses its market expertise to find or specially create the best possible space for its clients, which was particularly necessary in this instance as Coffey’s preferred location (109 Baker Street) was a listed building. Instant’s technical and planning expertise enabled Coffey to occupy the building in the way it wanted.

Ben Ward, Practice Lead, Evaluation and Research at Coffey International Limited said: “Our priority is delivering foreign aid services, not becoming experts in London real estate. Without Instant we may not have taken the space – even though it was right for us – because the hassle of moving into a listed building would have been too time consuming and distracted us from our day-to-day business. Instant handled everything.

“We now have a customised managed office in the right location – just a few doors from our previous office, meaning staff journeys aren’t impacted – and as it’s our space, we can stamp our brand on it, too.”

Seb Royle, Managing Director of Instant, explains: “The agreement with Coffey demonstrates we are client-led and can create almost any type of office space or flexible agreement an occupier requires, anywhere they need it. Our clients know we deliver solutions which also offer economies of scale in both time and resources. For example, because Coffey’s building is listed, we had to engage with a number of third parties to ensure Coffey could move in – we took a very complex process off their hands.

“The deal also represents a growing trend where companies are taking an Instant Managed Office for the longer term. Serviced offices are an excellent option for shorter periods, but for companies like Coffey who know they need flexible space for more significant periods, a Managed Office – with a tailored fit-out in a location of their choice – often makes more sense. They still benefit from an all-inclusive package with a fixed cost and no upfront capital outlay,” added Royle.

Instant began its relationship with Coffey International Development when it found the company its London serviced office, and so already understood its needs and was viewed by Coffey as a trusted adviser.

Instant the flexible office specialist has brought in investment partner MML to accelerate growth

Fri, 21 Dec 2012 15:43:07 GMT

December 21st 2012

Private equity house MML is investing £16m to take a minority stake in Instant and support the rapidly growing company, which saw revenue increase by 30% last year to over £22m
Led by CEO Patrick Elliott, the management team continues to hold the majority of the business; founder Rob Hamilton will retain a stake and remain a non-executive director
Strong growth is expected from Instant Managed Office service, with a market of over £500m in London alone

Instant, which provides flexible office solutions for companies all over the world, has attracted £16m capital from private equity house MML, now a minority shareholder, to support the company in achieving its ambitious growth plans. Since its inception 13 years ago, the entrepreneurial company has established offices in the USA and Australia and grown from a London-based start-up to a well established SME with nearly 100 staff today.

Instant's UK HQ

Chief Executive Officer Patrick Elliott, who joined last August to take the reins from Hamilton (now a non-executive director) and source external investment, said: “We are delighted to receive private equity investment from MML, because they rapidly grasped the potential of the business and we quickly felt comfortable working with them. With their support, I am confident we can accelerate Instant’s success within the ever-expanding flexible office market.

“Instant works with thousands of office providers, landlords and agents, to provide the right workplace for corporate clients, which range from the world’s largest multi-nationals – who need a tailor-made working environment for hundreds of people on a medium term basis – down to start-ups looking to establish their first proper office.

One of Network Rail’s Managed Offices in London.

“We are seeing a just-in-time approach to business become more and more prevalent; companies are seeking efficiencies by sourcing what they need, only when they need it, so they aren’t tying up capital. Why shouldn’t this practice translate to property? We work with clients to help them build flexibility into their property portfolios.”

Instant anticipates rapid expansion within the flexible office market. In London alone, the market for bespoke managed offices – a relatively new way for companies to cost-effectively outsource the task of sourcing, fitting-out and managing office space flexibly on their behalf – is already estimated to be worth over £500m. The funding from MML will enable Instant to finance more and bigger Managed Office projects, for which it covers all the upfront costs for clients.

Instant expects to see major growth within its Managed Office division, established by Seb Royle and run by a strong team, including well-known industry figures Paul Bolden and John Vaughan. Royle said: “From beginnings in 2006 in the UK construction and transport sectors, we have already proven the model’s appeal to businesses in publishing, financial services, IT, outsourcing, and oil and gas, and expect this to continue. Instant has already closed more than 40 Managed Office deals. Today, square footage under management exceeds 250,000 across 21 Instant Managed Offices. During 2012, we also opened what we believe is the first Managed Office in mainland Europe for our client Serco and their end-user, Sky.”

Instant's Managed Office for Serco and Sky in Germany.

Bal Johal of MML commented: “We are delighted to back Patrick and his team in continuing the impressive growth the company has achieved under the entrepreneurial leadership of founder Rob Hamilton. As companies are increasingly recognising the efficiencies of outsourcing non-core services, we see Instant – and particularly its Managed Office service – as an excellent opportunity to benefit from what we anticipate will be viewed as an attractive method for sourcing office space, by more and more organisations.

“We expect there will be a shift away from the “one type suits all” approach to workplace leasing that has dominated the property industry for a very long time.”

In addition to the core Managed Office business, Instant works with over 5000 businesses every month, to help them find flexible office solutions in more than 100 countries across the world. Instant’s global SME brokerage business is driven by Patricia Bacon, Global Sales & Strategy Director, while Lee Casbolt heads up the Corporate Solutions division, which has teams based in the UK and USA. The global market for SME and corporate advisory/broking for serviced offices is estimated to be about £130m pa currently with further growth expected, particularly across EMEA and Asia Pacific regions, but also the USA.

Instant's management team, clockwise from top left:
Lee Casbolt, Patricia Bacon, Patrick Elliott, Paul Bolden, Sebastian Royle, Charlotte Vitty and John Vaughan.

Instant & CoreNet roundtable debate

Mon, 26 Nov 2012 15:31:04 GMT

27th November 2012

The traditional office lease is not dead, but nor is it the only show in town. What occupiers are looking for is a variety of workplace solutions – in other words, total flexibility – and that is what is increasingly on offer.

At last week's roundtable organised by Instant, the flexible office specialists, and supported by CoreNet Global UK, the emphasis of the debate was very much driven by the mantra of organisations working "anywhere, in any way".
It brought together corporate occupiers, property company Derwent Valley, and consultants CBRE and Cushman & Wakefield.

CoreNet board member and chairman of the roundtable, Robin Harris, dared to suggest a working environment where worker democracy is very much at play. "What do staff want?” he asked.
Whoever heard of employees having a say in the shape of their workplace? But that really is the latest zeitgeist; there is a new generation entering the workplace with fresh ideas and aspirations.
More to the point, it is a generation that has never known life without the internet. And with digital technology developing at a rate of knots, it’s about what will be possible in the future; today it’s smart phones and tablets, tomorrow it will be the Cloud and next year, who knows?

There was a strange irony that the roundtable was held on the 17th floor of newly developed Heron Tower in the City of London, looking down on millions of square feet of offices that make up one of the globe’s leading financial centres. Will all that space be needed in 10, 20 or 50 years? Surely, by then we’ll be able to choose where we want to work – at home, in a coffee shop, or at the beach – won’t we?

But it isn’t as easy as that. Human beings are social animals and there is a need for collaboration to ensure ideas happen. For ideas to go from a brainwave in the shower to the drawing board and, finally, into production, it’s necessary for people to come together to make it happen. Increasingly, being in the office is less about the regimented “9 to 5” and more about coming together to collaborate.

The current solution is to create flexible workplaces which take into account the short, medium and long term needs of the organisation. It was reassuring to note that most of the corporate organisations around the table – Morgan Stanley, PWC, Dell, Mysis, LCH Clearnet and Serco – already acknowledge that while the core of their office portfolio may be in fixed term arrangements, a proportion is held on flexible terms. That normally means taking serviced office space, but these are exciting times and, as such, there was talk of space sharing, co-working and a variety of other options.

Interestingly, Instant is leading the way with another alternative which relieves occupiers of up-front capital expenditure. The Managed Office is an outsourced, all-inclusive turnkey solution where Instant takes the risk in finding a building, taking the lease, fitting it out and managing it for the occupier.
A more detailed report of the roundtable will appear in the Spring issue of CoreNet Global’s house magazine The Leader.
The roundtable was held in the offices of serviced office provider Landmark Plc

Instant's Managed Office concept goes global

Wed, 21 Nov 2012 16:57:04 GMT

Press Release - November 21st 2012

Instant’s Managed Office concept has expanded into continental Europe, clearly demonstrating it is changing the way businesses think about how they occupy their office space for good. The company is providing Serco, the international service business, with a flexible turnkey solution specially tailored to its requirements on offices in Teltow, Germany.

The agreement springs from Instant’s close relationship with Serco in the UK, where it already manages offices for the company. Therefore, when Serco bid for a new outsourced service centre contract with Sky Deutschland, they naturally turned to Instant to find the right space, handle all property related issues, and provide flexibility for Serco to gradually expand into the space over time.

Photos of Serco's new offices in Teltow

Instant sourced the office in Germany, leased it, fitted it out “on-brand” and is managing it for Serco on a multi-year occupancy.

“Serco came to us with very specific, bespoke requirements, and we used our knowledge to obtain the right office space and develop a cost effective solution, specially suited to the strategies of both Serco and the user, Sky,” explains Seb Royle, managing director of Instant.

“The number of workstations required is expected to grow significantly over the next two years from the current 100. As a result we have delivered a “phasing” solution, where additional space within the office will be made available incrementally – at no extra cost to Serco or Sky until it is required - allowing us to meet immediate and future space requirements within the same building,” he continued.

Royle says Instant is seeing high demand from UK clients seeking tailored office space on the continent, as they realise the efficiencies of outsourcing their foreign property activities.

“We are client-led and can create almost any type of office space or flexible agreement an occupier requires, anywhere in the world. Our clients know we deliver solutions which also represent economies of scale in both time and resources,” Royle emphasised.

Jerry Benson, MD, Private Section of Serco Global Services commented: “Using Instant’s Managed Office concept allowed us to concentrate on Sky Deutschland’s needs, rather than finding the right office in a foreign market. Instant delivered the fully fitted-out office just eight weeks after the deal with Sky was signed.

“The level of flexibility this Managed Office agreement delivers has made it the most practical solution for Serco and our client. Our long term relationship with Instant in the UK meant we trusted their European office market expertise.”

Euan Smith, Executive Vice President Product & Operations of Sky Deutschland said: “We are pleased with the significant strategic benefits the Managed Office agreement will bring. Serco and Instant are competent and experienced operators, and we believe their combined input will help ensure our new service centre in Teltow will be a great success for both further improving our customer service and bringing jobs to the local area.”

A managed office is an alternative to serviced offices and conventional leased office space. Location and fit-out is completely bespoke: Office space is tailored to a company’s exact needs, without it having to use multiple suppliers to search for and maintain office space. An amortised rent covers all the overheads incurred by Instant throughout the term of the agreement.

Managed Offices can suit many different occupiers with a wide variety of requirements. For example, publishing group Macmillan is using a Managed Office to temporarily house staff in space close to its main Kings Cross office, while part of it is renovated. Rapidly expanding American “big” data company Causata has just used a Managed Office to expand into the UK, achieving efficiencies because it doesn’t have to deal with landlords, solicitors and fit-out contractors in a foreign property market.

In addition, the concept is popular with infrastructure companies who often require offices with tailored fit-outs, close to their construction sites. One office Instant manages for Network Rail directly overlooks its construction site, while another four-storey Managed Office is customised to specific site needs with extensive welfare facilities and locker rooms on the ground floor and project meeting rooms above.

Read more about Instant's Managed Office solution here.

Instant’s Managed Office solution provides temporary space for global publishing house

Tue, 06 Nov 2012 10:53:29 GMT

Press Release - November 6th 2012

Macmillan, one of the world’s largest publishing groups, is using the Instant Managed Office solution to house staff while they have a short term need to renovate. Instant is providing a turnkey solution for Macmillan in 5,000 sq ft of offices on Pentonville Road, a few minutes walk from Kings Cross Station.

As the managed office provider, Instant found the office, leased it, fitted it out and is managing it for Macmillan for at least two years while work is carried out on its main London office.

The managed office solution is ideal for companies requiring temporary space for a relatively significant period, because agreement lengths are flexible and there is no need to sign a lease, deal with landlords, solicitors or fit-out contractors.

A managed office bridges the gap between serviced offices and conventional leased office space, where location and fit-out is completely bespoke. Instant tailors the office space to each company’s specific needs and removes the inconvenience of dealing with multiple suppliers to search for and maintain office space.

Angela Freeman, Workspace Manager for Macmillan said: “The Managed Office solution offered by Instant means that we can all work in close proximity with minimal disruption, and the efficient and cost effective service means less distraction from the day job. A great result all round.”

Seb Royle, Managing Director of Instant commented: “More companies are using Managed Offices to suit their medium to long term temporary space needs. If a business is refurbishing its main office, it will need somewhere in the same location on flexible terms. Clearly, not having to worry about property fit-out, leasing or managing the temporary space is attractive to companies who can concentrate on running their business.”

Macmillan is one of the world’s largest publishing groups with 7,000 staff in 80 countries.

Visit our Managed Offices page for information on how Instant can help your company.

Image: Ali Edwards (http://www.flickr.com/photos/aliedwards/)