According to recent reports, serviced office provider Executive Offices Group has been bought by private real estate investment fund Queensgate Investments.
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 within London 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
