Serviced offices group BE Offices is considering raising fresh equity as competition in the co-working sector heats up.
It has hired Rothschild for advice on a range of financing options that could also include a sale.
The company was founded in 1994 by David Saul and Simon Rusk.
BE Offices offers flexible leases such as desks for rent on a monthly basis. Its brands include Headspace, purchased in 2017 to provide access to the media and fintech co-working market, and Bespoke, acquired the same year to target large corporate occupiers seeking curated space.
The move comes as the number of flexible workspaces in the UK continues to rise, leading to a decline in desk rates in the capital.
The number of workspaces in the UK – including serviced offices and co-working developments – stands at 5,972, according to a report from the Instant Group.
This figure includes 1,423 in London alone.
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