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
“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