A famed London nightclub has moved into the shared workspace market, with a combined private members' club and shared workspace for creative businesses opening in Elephant and Castle next month.
Ministry of Sound joined forces with architect Squire & Partners to transform a former Victorian printworks into a shared workspace called The Ministry. Featuring four floors of private offices and shared working areas, meeting spaces, soundproof studios, and an immersive tech suite, the venture also includes a restaurant, 70-foot bar, outdoor terrace, 40-seater cinema and a large event space to host cultural activities throughout the year.
Speaking exclusively to Southwark magazine, Ministry of Sound chairman, Lohan Presencer, outlined his reasons for expanding into the co-working market: "This is a very natural evolution for us. We’re about creating great experiences. If you are going to spend 40 or 50 hours at work each week, it should be fun and the environment should make you work better and feel better.
"There are lots of people doing some amazing, exciting, creative work in London but they are working out of offices that are either too small, soulless or full of people they have absolutely nothing in common with. The people who grew up with us are now the CEOs and founders of established businesses and start-ups. The Ministry is for these people – for independent creatives who light the sparks which become cultural wildfires."
Presencer also spoke about the type of workers The Ministry wants to attract: "We're more than a co-working space, The Ministry is a hub for creatives by creatives – music companies, film and TV producers, marketing agencies, PR companies, creative technology start-ups, fashion designers and the arts.
"These various co-working companies are doing their thing, but we're about more than just desks, we're curating a community of creatives. Why wouldn't you want to work alongside people with the same passions as you, people who you can collaborate with? This is a market that's going through huge structural changes and this is just the beginning, which is what makes The Ministry so innovative and exciting."
Southwark Council has bought Courage Yard on Shad Thames, near Tower Bridge, which it will redevelop to generate income for frontline services.