Although One Avenue had sufficient resources to fund their project, they decided to lease as soon as they saw the financial benefits to their business. By leasing, the funds remain in the business and so are available to support the next phase of One Avenue's expansion programme. We are really pleased to be working alongside this exciting business, and look forward to helping with the next centre.
Value: £765k total
Set up by a highly experienced team from the serviced office sector, One Avenue’s first building at Birchin Court certainly delivers on that brief. With a fireplace in reception and a hotel-like welcome lectern, this building is unlike any other serviced office. The top-notch fitout works and high-end furniture certainly add to the luxury feel of the offices.
As their first choice lease provider, Plus Finance were delighted to be involved in financing a significant proportion of these fitout costs. The decision to lease was an obvious one given the business dynamics and the amount of up-front initial investment that was required.
Due to the success of the first project, One Avenue had no hesitation in using leasing to finance their second one too.