BE Offices gains Headspace 17th November 2017

BE Offices, the independent provider of flexible offices, has bought co-working specialist Headspace Group. Headspace develops and manages flexible work and event space for the UK’s tech, media and creative communities. BE said the latest acquisition is an important strategic move because it "enables BE to enter a rapidly expanding sector of the flexible workspace market for the first time and adds a third division to its portfolio". BE operates in the corporate pro-working sector of the market and has been looking for a vehicle that gives it access to the media, creative and fintech co-working market segments. In addition, BE recently launched its new BESpoke division headed by Jonathan Weinbrenn which targets major corporate occupiers looking for substantial flexible office accommodation. These acquisitions enable BE to be a one-stop shop offering flexible and co-working environments to clients from all sectors and sizes. 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. 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 startups 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. Founder Jonny Rosenblatt will exit the business to focus on new opportunities. 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."