Headspace Properties Limited / BE Offices
Cavendish Corporate Finance, the specialist sell-side M&A firm, is delighted to announce it has advised on the successful sale of Headspace Properties Limited (“Headspace”), the fast-growing flexible workspace provider, to BE Offices Limited (“BE Offices”).
Founded by Jonathan Rosenblatt to cater to the creative, media and technology sectors, Headspace created a distinctive niche by providing its clients with a highly personalized and unique product. 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 offices provider, operating over 700,000 sq.ft of work space across the UK and London. BE Offices has a large portfolio of business centres 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.
Peter Gray, partner at Cavendish Corporate Finance who led the deal said: “We are very pleased to have advised Jonathan on his transaction with BE Offices. Headspace is a fantastic example of a business which has created value by creating a unique and differentiated product and then giving great service to its clients.”
“I have very much enjoyed working with Cavendish and pleased to find such a complementary match for Headspace in BE Offices. As an entrepreneur, I wanted good advice and felt very well supported every step of the way by Cavendish. Many thanks to the whole team.”
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