Founders of one of London’s largest flexible office companies are looking to raise new equity to build a £300M portfolio at what they say is a great time to buy old offices for transformation into profitable flex locations, Bisnow can reveal. Artesian Property Partnership is on the hunt for £100M to £150M of equity to build out a business that already operates locations in the City and Stratford. The equity would be coupled with debt to build a portfolio of six to eight sites.
Artesian partners Mark Breen and Alasdair Grievson were among the founders of flexible office business Argyll. Despite the travails of WeWork, the highest-profile name in the flexible office sector, Breen told Bisnow that now was an opportune moment to buy older offices to turn them… Read the full story here. |