Headspace Properties Limited has been acquired by BE Offices Limited
November 2017 — The shareholders of Headspace Properties Limited (Headspace) have sold the business to BE Offices Limited (BE Offices). Financial details have not been disclosed.
Headspace is a flexible workspace operator providing uniquely designed and inspiring office space, co-working, meeting and event space catering to a large customer base in London and Manchester. Founded by Jonathan Rosenblatt to serve the creative, media and technology sectors, the business grew from a single site in Farringdon in 2014 to multiple sites in London and most recently opening in Manchester, reflecting the appeal of its inventive workspace offering.
BE Offices is a successful serviced office provider, operating over 700,000 sq.ft of work space across the UK and London. The firm has a large portfolio of business centers and currently employs over 300 people. The acquisition is part of a broader strategy to enter the rapidly expanding tech, media and creative sector of the flexible workspace market.
Our role in the transaction
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Jonathan Rosenblatt
Founder, Headspace Properties Limited
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn more360 Experience Group has merged with GoodFellows
360 Experience Group, a European end-to-end service provider of live experiences, and GoodFellows have merged to create one of the largest live experiences players in Europe. By pooling their strengths under the 360 Experience Group banner, the merged group will span the full breadth of the live industry and bring together 16 specialized companies, including Live Legends, Unlimited Productions, Unbranded, TIG Sports and Events and Kumpany. The group will provide end-to-end solutions for the realization of large-scale live entertainment, international sports and public events and impactful brand activations. The combined business will generate over US$90 million in revenue and employ more than 230 people.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn more