HFD Boosts Serviced Office Portfolio with Strategic Acquisition of Mercury House

Commercial property firm HFD is significantly expanding its Ospa serviced office brand with the recent acquisition of Mercury House at Strathclyde Business Park. This strategic move, involving a multi-million-pound deal with LondonMetric, underscores HFD's commitment to providing flexible, all-inclusive office solutions in the Scottish market.

Key Takeaways

• HFD has acquired Mercury House, a 65,000 sq. ft. office building at Strathclyde Business Park.
• The acquisition aims to expand HFD's Ospa serviced office offering.
• The building will undergo significant upgrades focusing on sustainability and decarbonization.
• Ospa provides all-inclusive, flexible serviced office space without hidden fees.

Expansion of Ospa Serviced Offices

HFD's Ospa brand, launched in early 2024, has seen rapid growth, prompting this expansion. The acquisition of Mercury House, a building originally constructed by HFD in 1990, will see a comprehensive renovation. The focus will be on enhancing sustainability and decarbonization, with improvements to energy performance, common areas, dedicated focus rooms, collaboration zones, showers, and the installation of EV charging points.

Integrated Service Offering

The purchase of Mercury House highlights the integrated capabilities within the HFD group. Services including acquisition, construction, management, renewables, and technology will be delivered by various HFD subsidiaries. This comprehensive approach ensures that tenants benefit from a wide array of integrated services, such as broadband, telecommunications, security, facilities management, guest services, collaboration spaces, and advanced IT and data center capabilities.

Ospa's Market Position

Ospa aims to simplify office management for businesses, particularly smaller ones, by offering a top-quality, all-inclusive product. The pricing model is designed to eliminate uncertainty and hidden charges, with all costs consolidated into a single bill. Ospa's existing portfolio includes several other buildings at Strathclyde Business Park and Hamilton International Park, all featuring high-quality, sustainable office spaces powered by 100% renewable electricity.

Rosemary Hill, director of HFD Services, expressed enthusiasm about Ospa's rapid success and positive occupier feedback, emphasizing the quality of space and flexibility as key drivers. The expansion is a direct response to the strong demand and the need to accommodate growth.

Sources

• HFD expands serviced office offering with purchase of Mercury House, Scottish Construction Now.
• HFD buys LondonMetric office for next serviced office scheme, CoStar.