Acquisition of London Executive Offices
22nd October 2018
London Executive Offices (LEO), a leading provider of luxury London workspace, today announced it has been purchased by a private investor for an undisclosed sum.
LEO has 38 buildings located in central London’s premier business addresses. LEO’s assets are a mix of listed and modern buildings which include 11 owned properties and total over 760,000 sq ft* of workspace. The purchaser has taken on the LEO business in its entirety, as well as its 260 team members across the portfolio.
LEO has supported a fast growing and varied client base of over 5,000 clients, ranging from start-ups and small businesses through to more established corporate clients.
Over the past 25 years, LEO has built an unrivalled portfolio of premium addresses, diversified its style and locations and pioneered service excellence within the London flexible workspace market.
Jason Leek, Chief Executive of LEO, 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.”
NOTES TO EDITORS
London Executive Offices (‘LEO’) is a leading provider of luxury office accommodation and high quality flexible office space, virtual offices and meeting rooms. LEO’s premium portfolio, located in prime central London, consists of 38 properties, ranging from listed period buildings to modern purpose-built offices. The portfolio has been assembled over the past 25 years and is made up of owned, leased and managed buildings. Across its portfolio, the Group has over 5,000 clients ranging from large blue-chip organisations to small start-up companies. LEO replicates a big company infrastructure for its clients, providing a range of state-of-the-art technology, business support and administrative functions at an efficient cost for smaller working groups.
LEO’s portfolio spans Mayfair & St James’s, Knightsbridge & Belgravia, Midtown and the City, Marylebone, Kensington & Chelsea, Soho, Victoria & Westminster and includes:
Mayfair and St James’s: 20 North Audley Street; 14 Curzon Street; 32 Curzon Street; 8-10 Hill Street; 23 Berkeley Square; 24 Berkeley Square; 23 King Street; 28 Grosvenor Street; 29 Farm Street; 33 St James’s Square; 42 Brook Street; 52 Brook Street; 53 Davies Street; 67 Grosvenor Street; 78-79 Pall Mall; 84 Brook Street, Park House
Marylebone: 17 Cavendish Square; 21 Gloucester Place
Knightsbridge and Belgravia: 2 Eaton Gate; 45 Pont Street; 65 Sloane Street
Kensington and Chelsea: Michelin House, 81 Fulham Road
Victoria and Westminster: 16 Old Queen Street; Nova South, Victoria; Nova North Victoria
Soho: 30 Broadwick Street
Midtown and the City: 1 Cornhill; 1 King Street; 1 King William Street; 148 Leadenhall Street; 15 Old Bailey; 41 Lothbury; 85 Gresham Street; 288 Bishopsgate; Central Court, 25 Southampton Buildings; Hudson House, 8 Tavistock Street; Octagon Point St Paul’s, 5 Cheapside
*NIA – net internal area (circa 900,000 sq ft GIA – gross internal area)