The Office Group reveals 62% revenue increase

6th September 2016

Flexible workspace company The Office Group has revealed a revenue increase of 62% in its financial results for 2015.

The group achieved revenues of £54.3m in 2015, compared to £33.6m in 2014. Its EBITDA was also up 33%, from £11.6m to £15.4m.

During the year it acquired over 390,000 sq ft of new office space in London and then further expanded to reach over 1m sq ft in April 2016.

The group’s portfolio now stands at 33 buildings, of which 31 are in central London. With over a third of its portfolio still in development, the company is also positioned for significant future growth.

“We believe that the uncertainty caused by Brexit could well increase demand for flexible office space,” said The Office Group’s chairman Lloyd Dorfman CBE.

“This is a really positive set of results. The business is growing at a rapid rate as we see increasing demand for flexible office space. It has expanded by over five times in the past six years. We are now at over one million square feet.

“Our buildings are predominantly in London, the largest market in the world for flexible offices. There is enormous demand for flexibility as working patterns change; nowadays one in seven people in the UK are self-employed.”

If you are interested in taking a look at any of The Office Groups buildings please call Gryphon Property Partners on 0203 440 9800 or click on the following link - Office