London Executive Offices sells for £475m

London Executive Offices (LEO), a leading provider of luxury London serviced offices, is to be acquired by an unnamed southeast Asian family group for approximately £475m.

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.

The offices offer complimentary tea and coffee, as well as food and beverage catering.

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.”