London Executive Offices, premium serviced office provider, has been sold after two years on the market. It is thought that they have sold to an investor from South East Asia, although the name of the purchaser remains unknown.
Their office space portfolio totals 760,000 sq. ft. across a number of both modern and listed buildings. London Executive Offices have 11 premises across Central London that they own themselves and a further 27 that they lease and manage.
Jason Leek, the CEO of LEO talked about how this is an exciting time for LEO and their clients. LEO recognises that the need for serviced office space is on the increase and as such, it is important for the brand to respond to the ever-changing needs of the occupiers. They have a strong focus on offering serviced offices in prime locations and delivering exceptional customer service.
LEO has continued to expand its portfolio, even since it was first put up for sale over 24 months ago. In May, they took over two storeys of Park House in Mayfair (a total of 32,000 sq. ft.) and before this in January they expanded by 13,500 sq. by leasing a new Soho building (30 Broadwick Street).
LEO feel that thanks to a new owner, they can continue to offer the luxury serviced office space to their customers, keeping up with the demand. They are committed to ensuring they keep up with the demands of their clients, by providing modern and well-thought-out working environments and a change of ownership will certainly help this to be the case.
The future remains strong for London Executive Offices and it is thought that their new investor will help the brand to continue in its expansion plans. This is with both new premises and adapting their existing premises to ensure that they offer everything that flexible office space needs in order to keep up with demand from clients, which is always changing.