Serviced Office Provider BE Offices acquires co-working specialist Headspace
Serviced Office Provider BE Offices announced yesterday its continued expansion programme with the acquisition of co-working specialist Headspace Group.
This latest acquisition is an important strategic move because it enables BE Offices to enter a rapidly expanding sector of the flexible workspace market for the first time and adds a third division to its portfolio. Currently BE operates in the corporate pro-working sector of the market and has been looking for a vehicle that gives it access to the important media, creative and fintech co-working market segments.
Founded five years ago by Jonny Rosenblatt, Headspace has expanded in line with the growing demand for creative, flexible workspaces amongst freelancers, startups and, increasingly, large businesses. Headspace develops and manages inspiring, flexible work and event space for the UK’s tech, media and creative communities.
Managing three spaces, in Marylebone, Farringdon and Manchester, it operates at near 100% capacity. The boutique operator has built a reputation for taking inspiration from the buildings it occupies, incorporating classic features such as original marble columns and staircases alongside modern aspects such as exposed brick, glass partitions and bespoke art. Headspace prides itself on its community focus and counts an array of businesses from start-ups to tech unicorns and PLCs amongst its membership base.
It is intended that the Headspace brand will be retained with BE looking to expand the brand to as many as 20 centres over the next three years.
Headspace founder Jonny Rosenblatt, added: “This is a hugely positive move for Headspace and our members and I’m in no doubt that the team at BE Offices will build on the success that we’ve enjoyed to date. BE Offices is an established player and have the expertise and infrastructure to really fast track the growth of the business. Headspace has always been about shunning the co-working clichés to focus on what really matters – creating beautiful, community-driven spaces for businesses that want total flexibility. From the moment I first started speaking to David and his team, it was clear to me that they share that same ethos. I look forward to seeing Headspace continue on its trajectory to become one of the major players in the UK’s creative workspace market.”
David Saul, Managing Director and co-founder of BE, said: “Headspace is a fantastic brand that has established itself in the highly creative sector of the flexible workspace market. Each centre has its own slightly quirky and funky design that has tremendous appeal to the creative industries which we will continue to target.
“We believe that with our financial resource and well-established management team we can really develop the Headspace brand and fully realise its potential to become a major force in the co-working and flexible workspace sector.
“Importantly I believe that it will enable BE to grow dramatically over the next three to five years as our highly focused divisions take full advantage of the rapidly growing interest in the flexible space and serviced office market across all sectors.”
BE Offices currently operates 16 business centres across London and southern England.