London: 20 August 2026 – Office Space in Town (OSiT), a prominent player in London’s flexible workspace sector, today announced the successful completion of a significant refinancing agreement totaling £129 million. This substantial debt refinancing, extending over a minimum of two years, underscores a robust and growing investor confidence in the capital’s commercial property market, particularly within the dynamic flexible office segment. The deal positions OSiT for further expansion and reinforces its unique owner-operator model.
The financing facility has Aberdeen Investments as the senior lender, contributing approximately £72 million. This agreement marks a continuation and extension of a seven-year strategic partnership between Aberdeen Investments and OSiT, highlighting the lender’s sustained belief in OSiT’s business model and its market performance. The transaction was facilitated with expert guidance from financial advisory firm PwC, underscoring the complexity and strategic importance of the deal.
This comprehensive refinancing package will provide essential financial backing for four of OSiT’s prime Zone 1 London office buildings. These strategically located assets include properties in St. Paul’s, Liverpool Street, Monument, and Waterloo. OSiT’s current UK office portfolio spans an impressive 225,000 square feet of premium office space, with additional significant locations in London’s Blackfriars and the burgeoning market of Cardiff. This expansion and consolidation of financial resources signal a clear intent by OSiT to solidify its market position and capitalize on future opportunities.
The appeal of OSiT’s unique approach to flexible workspaces is a key driver behind this investment. The company has consistently differentiated itself by curating highly thematic and engaging environments. Examples include the whimsical "Alice in Wonderland" inspired OSiT Waterloo, the sophisticated "super yacht" designed OSiT Monument, and the playful "Monopoly" themed OSiT Liverpool Street. These creative concepts are not merely aesthetic; they are designed to foster a unique and productive atmosphere, contributing to longer occupier retention rates.
A Shifting Landscape: The Rise of Flexible Workspaces
The substantial investment in OSiT’s portfolio arrives at a pivotal moment for the commercial real estate sector. Industry analysis indicates a significant upward trajectory for flexible office solutions. According to a report by real estate services giant CBRE, flexible offices are projected to constitute as much as one-fifth of the London office market by 2030. This forecast is propelled by an increasing number of businesses seeking adaptable workspace strategies. Key drivers include the desire for shorter lease commitments, expedited access to prime urban locations, and the agility to scale office footprints rapidly in response to evolving workforce dynamics and fluctuating business needs. This trend underscores the strategic foresight of OSiT’s business model.
The Differentiated OSiT Owner-Operator Model
Founded in May 2009 by siblings Giles and Niki Fuchs, alongside experienced office space professional Sarah Singlehurst, Office Space in Town distinguishes itself through a fundamental operational difference: it owns all its properties. This "owner-operator" model provides OSiT with a unique competitive advantage. By acquiring, refurbishing, and directly managing its buildings, the company capitalizes on prevailing low capital costs associated with prime Zone 1 London office assets. This strategic approach not only generates substantial capital appreciation but also ensures strong and stable income streams.
This vertically integrated model allows OSiT to meticulously curate bespoke "Omni-Office" environments. These spaces are designed to directly address occupier demands and optimize layout and amenities at scale. The integration of extensive on-site facilities further enhances the occupier experience and attractiveness of OSiT’s offerings. Current OSiT locations boast a range of amenities, including on-site gyms, private bedrooms, rooftop cafe bars, recreational games rooms, and even hairdressing services. This comprehensive approach transforms traditional office spaces into vibrant, service-rich environments that cater to the holistic needs of modern professionals.
Demonstrated Occupier Loyalty and Future Ambitions
The success of OSiT’s strategy is evident in its occupier retention figures. As of June 2026, the average length of stay across OSiT’s five London locations stands at an impressive 44 months. This figure more than doubles the average tenure for flexible office spaces in the London market, which is approximately 22 months. This sustained loyalty is a testament to the quality of the workspaces, the exceptional service delivery, and the unique environments OSiT provides.
Building on this success, OSiT is actively seeking an investment partner to fuel its next phase of growth. The company aims to acquire new buildings in prime Zone 1 London locations, further scaling its proven owner-operator structure. The envisioned next phase of investment will be instrumental in advancing OSiT’s "Omni-Office" vision. This forward-looking strategy includes the development of larger, integrated work environments that incorporate even more diverse on-site amenities. Future developments could feature amenities such as rooftop padel courts, on-site day nurseries, and dental practices, creating truly mixed-use workplaces that are designed to adapt to evolving expectations of the workplace experience and actively incentivize office attendance.
Leadership Perspectives on the Refinancing
Giles Fuchs, Co-Founder of Office Space in Town, expressed his enthusiasm regarding the refinancing agreement: "This refinancing agreement marks an important milestone for OSiT and reflects the strength of our owner-operator model. We have built a differentiated business focused on capital gain and robust income, through service, design, and long-term relationships with occupiers, and this support enables us to continue strengthening our portfolio and delivering exceptional flexible workspaces." Fuchs’ statement highlights the strategic financial benefits and the core values of service and relationships that underpin OSiT’s operations.
Martin Barnewell, Head of Commercial Real Estate at Aberdeen Investments, commented on the continued partnership: "We have had a long-term relationship with Giles and the OSiT team. Having gone through the Covid lockdown, we have seen first-hand how resilient their income and model is. We are pleased to continue to support OSiT and look forward to the next chapter of their growth." Barnewell’s remarks provide external validation of OSiT’s resilience and the solidity of its business model, particularly in navigating challenging economic periods.
About Office Space in Town (OSiT)
Office Space in Town (OSiT) operates as a distinguished flexible office space provider, offering creatively designed offices, meeting rooms, and event venues throughout the UK. Established in May 2009 by Giles and Niki Fuchs, in collaboration with seasoned office space expert Sarah Singlehurst, OSiT specializes in delivering fully flexible office solutions situated in prime city-centre locations, including London and Cardiff.
The unique thematic designs of OSiT’s London offices, such as the imaginative "Alice in Wonderland" and the iconic "Monopoly" themes, are central to fostering an environment that is both creative and highly motivating for its occupants. The company’s core differentiator lies in its ownership of the freehold properties where its spaces are located. This ownership model grants businesses unparalleled flexibility, allowing them to rent space for durations that align precisely with their evolving needs. This approach enables OSiT to offer highly tailored, bespoke office solutions that cater to individual client requirements, providing enhanced flexibility and a profoundly personalized service.
OSiT’s commitment to innovation and growth has been recognized. The company was listed in the "For Entrepreneurs By Entrepreneurs Growth 100" list for 2025, acknowledging its status as one of the UK’s fastest-growing, founder-led companies. Further accolades were received in 2026 when OSiT Monument and OSiT Liverpool Street achieved "Gold" accreditation from FlexGrade, the independent flexible workspace accreditation body. This recognition marked them as the first London-based flexible workspaces to attain this prestigious rating.
About Giles Fuchs, Co-Founder of Office Space in Town
Giles Fuchs is a key architect of Office Space in Town’s financial and business strategy. He co-founded the company in 2009 with his sister, Niki Fuchs, and office space specialist Sarah Singlehurst. Together, Giles and Niki developed the "Fuchs Formula," an innovative methodology for valuing flexible office spaces. This approach strategically segments income into stable and variable components, effectively balancing risk assessment with potential upside.
Beyond his work with OSiT, Giles Fuchs has demonstrated a keen entrepreneurial spirit through other ventures. He is instrumental in the operation of Burgh Island, a unique tidal island off the Devonshire coast acquired by OSiT in 2019. Additionally, he launched the canned drinks brand Gunner Cocktails in 2016, further showcasing his diverse business acumen.
About Aberdeen Investments
Aberdeen Investments is a specialist asset manager with a strategic focus on areas of considerable strength and scale across both public and private markets. Their expertise encompasses credit, specialist equities, and real assets. The firm fosters a collaborative approach, with teams working synergistically across regions, asset classes, and specialisms. This interconnected network facilitates the connection of diverse perspectives and enables them to effectively identify investment opportunities tailored to their clients’ specific needs.
As of 30 June 2026, Aberdeen Investments managed a substantial £397.5 billion on behalf of a diverse client base, which includes institutional investors such as insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks, and family offices. Their significant assets under management underscore their global reach and the trust placed in their investment strategies.
About PwC
PwC is a global network of firms committed to building trust and reinventing businesses to transform complexity into a competitive advantage. With a vast network of over 364,000 professionals across 136 countries and 137 territories, PwC leverages a tech-forward, people-empowered approach. Their services span audit and assurance, tax and legal, deals, and consulting, assisting clients in building, accelerating, and sustaining momentum in their operations. Further details can be found on their global website.
