Luxury serviced office provider, London Executive Offices, has been sold two years since it was put on the market to an unnamed investor based in Southeast Asia.
The office provider operates 38 buildings across central London; 11 are owned by LEO themselves, whilst the others are leased and managed. Their portfolio is a combination of listed and modern buildings totalling over 760,000 sq ft of workspace.
Chief Executive of LEO, Jason Leek, commented: “This is the beginning of a new and extremely exciting era for LEO and its clients. As demand for flexible workspace continues to grow in the UK, LEO has gone from strength to strength. LEO has done this by responding to the needs of modern occupiers, focusing on the quality of our locations and excellent customer service.
“With a supportive new owner, LEO will remain a strong and independent business committed to investing in our people and continuing to develop fantastic working environments for our clients. This change of ownership has secured a strong future for the LEO business.”
The workspace provider has continued to build its portfolio since it was put on the market two years ago. In January, LEO expanded into Soho, taking 13,500 sq ft of workspace at 30 Broadwick Street. In addition, in May they agreed to occupy the top two floors of Park House in Mayfair, taking 32,000 sq ft of workspace.