Co Bikes Announces Opening Of New Dockless Station In Princesshay Shopping Centre


Co Bikes, part of the Co Cars group of shared mobility services, has announced the opening of a new electric bike station in Princesshay Shopping Centre.


The station is located on Bedford Street, between Nationwide and Russell & Bromley, and is the latest in a series of ‘dockless’ stations. These need no fixed infrastructure for bikes to be locked into. Instead, they are rented and returned within a virtual geofenced space.

At Princesshay, floor vinyls have been laid to help identify the geofenced space, located outside Nationwide Building Society. Customers simply push the Co Bike into the space marked out by the vinyls then lock the bike and end their hire via the nextbike app.

Michelle Menezes, Princesshay Centre Manager, commented:

“With the safe re-opening of the city centre expected to get underway in the coming weeks, we are looking forward to welcoming people back in Princesshay. Having a Co Bikes station right at the heart of the centre will be a great way for people to visit us in a sustainable way.”

Mark Hodgson, Managing Director of Co Cars, added:

“Like much of the country, people in Exeter have embraced the electric bike revolution; we saw a 400 per cent increase in Co Bikes usage across 2020. I’m delighted that we’re now able to bring Co Bikes to Princesshay, helping support the reopening of the city centre with more zero carbon transport options.”

Princesshay is the third new Co Bikes station launched this year, following on from Sidwell Street and Exeter College’s Future Skills Centre near Exeter Airport. More new sites will be announced soon.

The Co Bikes network is powered by nextbike, who operate shared bike schemes in 200 cities around the world. Because Co Bikes are electrically assisted, they make cycling a breeze, even uphill.

To use Co Bikes, new customers need to download the nextbike app and register for an account. To activate the account, customers make a £10 payment which is then used for their first Co Bikes trips, giving them over 3 hours of cycling. From then on, it costs £1 per 20 minutes to hire a Co Bike or customers can buy a discounted BikeRider minutes bundle.

Co Bikes is part of Co Cars, the car club for people, communities and businesses across Exeter and the South West. Together, the cars and bikes form an economical, equitable and sustainable network of shared transport options to help reduce our dependence on private car ownership.



Please contact Helen Scholes, Co Cars & Co Bikes Marketing Manager

07419 341 004


About Co Cars

Our mission is to provide low carbon, on demand, affordable shared mobility for all. We do this through our network of hire-by-the-hour cars and vans, on-street electric bike hire and e-cargo bike delivery services. We are powered by renewable energy from Good Energy and are proud to be a not-for-profit cooperative social enterprise.


Twitter @CoCars, @CoBikesElectric


About Princesshay:

Princesshay sits at the heart of Exeter city centre, where it welcomes over 13 million visitors each year, to enjoy over 60 leading retail and restaurant brands.

Set against the backdrop of the historic Exeter Cathedral, shoppers can visit an exciting mix of boutique, specialist and big-name brands including Zara, Levi’s, Oliver Bonas and Lush as well as restaurants including Wagamama, Nandos and YO! Sushi.

Princesshay is jointly owned by The Crown Estate and Nuveen, through the Princesshay Partnership.


About The Crown Estate: 

The Crown Estate is a £14bn business with a distinct heritage and unique portfolio. It includes some of central London’s best places to work, shop and experience, regional retail and leisure destinations, and a substantial rural portfolio.

We manage the seabed and half the foreshore around England, Wales and Northern Ireland, and therefore play a fundamental role in the sustainable development of this national asset, including the UK’s world-leading offshore wind sector as well as marine aggregates, cables and pipelines. We are also custodians of the Windsor Estate, including the worldrenowned Windsor Great Park.

Established by an Act of Parliament, as an independent commercial business, we are tasked with generating profit for the Treasury for the benefit of the nation’s finances. This has totalled £2.9bn over the last ten years.

About Nuveen Real Estate

Nuveen Real Estate is one of the largest investment managers in the world with $127 billion of assets under management.

Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.

With over 80 years of real estate investing experience and more than 660 employees* located across over 25 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

For further information, please visit us at

*Includes 315+ real estate investment professionals, supported by a further 345+ Nuveen employees.

Source: Nuveen, 30 Jun 2020.