Reach Robotics, a pioneer in augmented reality technology, has recently expanded into a new office space in Bristol. This strategic move aims to enhance their operations and open new avenues for collaboration and innovation.
By securing a five-year lease at 3110 Great Western Court, Reach Robotics positions itself advantageously within Bristol’s thriving tech community, offering easy access and connectivity crucial to its future growth plans.
Strategic Move to Bristol
Reach Robotics has taken a significant step forward by securing a five-year lease for 5,115 sq ft of office space in Bristol. This strategic move demonstrates the company’s commitment to expanding its presence and growing its influence in the tech industry. Positioned at 3110 Great Western Court, the location offers a promising environment for innovation and collaboration.
Bristol, with its vibrant tech community, provides an ideal setting for Reach Robotics to thrive. The new location is adjacent to the Bristol Parkway railway station, offering easy access to the M4 and M32 highways. This connectivity is crucial for a tech company aiming to attract talent and cultivate partnerships with key stakeholders across the region.
Advancements in Augmented Reality
Reach Robotics is renowned for developing cutting-edge augmented reality technologies, especially within the gaming sector. Their flagship product, MekaMon, has captivated audiences by blending virtual experiences with physical gaming, a pioneering feat in the industry.
Founded in 2013 as part of the acclaimed Bristol Robotics Laboratory incubator programme, Reach Robotics has consistently pushed the boundaries of what’s possible in AR (Augmented Reality). This foundation has paved the way for their continuous innovation and growth.
Facilitating Growth Through Strategic Partnerships
The new office acquisition in Bristol was facilitated by Cushman & Wakefield, who represented the landlord, Real Estate Investment Management (REIM). This collaboration ensures Reach Robotics secures a strong foothold in this prestigious location.
Colliers International acted on behalf of Reach Robotics, ensuring the company’s requirements were met effectively. Such strategic partnerships are essential for navigating the competitive landscape of commercial real estate and achieving long-term business goals.
The involvement of these well-established real estate firms underlines the significance of Reach Robotics’ expansion. The decision to move into a major office hub indicates not only growth but also the company’s ambition to solidify its market position.
Supporting the Tech Ecosystem
3110 Great Western Court is a part of an established office area, already home to major companies such as Experian, Barclays, and Handelsbanken. Reach Robotics joining this community highlights its commitment to being at the forefront of the tech ecosystem in Bristol.
Andy Heath, a partner and head of Cushman & Wakefield’s Bristol office agency team, stated: ‘We are delighted to have helped Reach Robotics gain a foothold in this popular location.’ Such endorsements from industry professionals underscore the importance of this expansion.
The available ground floor space, which encompasses 5,064 sq ft, presents further opportunities for growing tech companies. The ecosystem thrives on collaboration and innovation, making it a fertile ground for upcoming ventures.
Infusion of Capital and Growth Potential
Earlier in the year, Reach Robotics secured a substantial £5.8 million investment from the Singaporean venture capital firm iGlobe Partners. This infusion of capital is set to drive further innovation and expand the company’s horizons.
The investment from iGlobe Partners signifies trust and belief in Reach Robotics’ future potential. It provides the necessary financial support to enhance their product offerings and explore new market opportunities within the augmented reality sector.
Location Advantages
The newly acquired office space lies in a prime location, surrounded by industry giants and offering seamless connectivity via public transport. The proximity to Bristol Parkway Railway Station makes commuting convenient for employees and visiting clients alike.
The presence of major occupiers like the Ministry of Defence Abbey Wood further enhances the prestige of Great Western Court. Such an environment fosters collaboration and offers myriad opportunities for networking and strategic alliances.
As Bristol continues to grow as a technology hub, companies like Reach Robotics benefit tremendously from the vibrant business environment. This move not only enhances their visibility but also aligns with their strategic vision for growth.
Preparation for Future Expansion
With the new office space, Reach Robotics is setting the stage for future expansions. The location’s resources and networking opportunities will assist the company in scaling operations and potentially expanding its workforce.
This move showcases strong foresight by Reach Robotics in recognising the potential of a growing tech hub. As they settle into their new headquarters, the focus remains on innovation and maintaining their competitive edge.
Reach Robotics’ expansion into Bristol marks a significant milestone in their journey towards becoming a leader in the tech industry. With strategic partnerships and a robust tech ecosystem, they are poised for continued success.
The move not only highlights their dedication to growth and innovation but also strengthens their position within the competitive landscape of augmented reality technology.