Executive Offices Purchase Completed
According to recent reports, serviced office provider
Executive Offices Group has been bought by private real estate investment fund
Executive Offices provide high-end serviced office centres
throughout London, with particular emphasis on
Mayfair, Belgravia and the City of London.
The company has 28 five and four star serviced offices, with notable centres
including those at 1 Cornhill, EC3 (pictured) and Hudson House, WC2. The group’s annual
revenue is thought to be c. £45m.
The occupancy for the company’s portfolio current stands at
88%, an impressive testament to the strength of the serviced office market
and Executive Offices' business model. Queensgate’s acquisition of the company
underscores the confidence of investors in City of London offices.
For a list of serviced office centres in the
City of London,
please see the following link - www.newtonperkins.com/servicedoffices
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