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Kestrel House and Knightrider House in Maidstone sold to BizSpace for £4.15m

A flexible workspace provider has splashed out more than £4million on acquiring two key town centre sites.

BizSpace has acquired Kestrel House and neighbouring Knightrider House in Maidstone from Milroy Holdings Limited and Knightrider Properties Limited respectively, for a total price of £4.15m.

Both are within walking distance of the town centre and Maidstone West train station.

BizSpace has acquired two key sites in Maidstone (13390487)
BizSpace has acquired two key sites in Maidstone (13390487)

They will provide a total of 21,500 sq ft of office space, of which 5,500 sq ft is currently let.

BizSpace, which operates some 100 sites across the UK, now plans to invest £1.1m in a "comprehensive refurbishment" of the remaining space over the next four months.

It is hoped the space, which can rented on short-term, flexible deals, will appeal to micro-businesses, freelancers, entrepreneurs and SMEs.

BizSpace spent over £4m on the acquisitions (13390489)
BizSpace spent over £4m on the acquisitions (13390489)

Emma Long, commercial director of BizSpace, said: “With a strategic location in central Kent and excellent connectivity to London, as well as regional and European markets, it’s no surprise that more than 7,000 businesses have chosen to call Maidstone home.

"This is a thriving destination for growth and innovation, and yet there are surprisingly few options for small businesses who want to work in high-quality, well designed, good-value flexible accommodation. With great workspace and an understanding of what’s important to start-ups, we look forward to launching our new centre here, providing a hub for Maidstone’s small business community and helping Kent’s entrepreneurs and SMEs to thrive.”

It comes amid a backdrop of town centre office space being converted into residential units to help sate the need for housing.

Read more: For the latest business news for Kent

Read more: For the latest news for Maidstone

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