Nikolay Pandev
- Blackstone (NYSE:BX) is exploring a £1.5 billion ($1.89 billion) sale of The Office Group as the private-equity giant seeks gains on the collapse of rival WeWork, British newspaper The Telegraph reported Sunday, citing people familiar with the matter.
- Blackstone (BX) has had talks with advisers about a possible sale or public offering as demand rebounds for flexible office space, and is seeking a deal by the first quarter of 2025. The asset manager bought a majority interest in The Office Group in 2017.
- The commercial property sector suffered as pandemic lockdowns led many people to work from home, but the adoption of hybrid offices is increasing demand for flexible work spaces.
- The Office Group in 2022 rebranded as Fora after a merger with the office-space rival.