Acquisition funding to purchase and rent out affordable and flexible studio space to the creative industries, as well as to small businesses

Nash Business Capital Ltd, in conjunction with finance arranged by Nash & Co Capital Ltd, has provided acquisition funding to Artistic Sinclairs 1 Ltd, a subsidiary of Artistic Spaces Group Ltd, to fund the purchase of a section of Wallis House, the iconic Barratt building off the Chiswick Flyover in Brentford. Artistic Spaces Group Ltd rents out affordable and flexible studio space to the creative industries, as well as to small businesses, and operates 9 sites covering a total of 300,000 square feet. The Wallis House acquisition adds another c.30,000 square feet to the group’s portfolio. The provision of finance from Nash Business Capital is part of a facility to finance Artistic Spaces Group Ltd’s growing pipeline of properties in and around Greater London.

The flexible office industry is becoming a fast-growing sector across the UK, both in suburban London and further afield, with companies willing to pay a premium for smaller units on flexible lease terms. Artistic Spaces Group Ltd looks to offer the same flexibility as the flexible office sector whilst competing on versatility & cost with conventional office space providers.