Queensgate Investments has sold London Executive Offices to a private investor, realizing approximately 3.0x returns for its fund investors since the acquisition.

Information on the Target

Queensgate Investments (QI) has successfully sold London Executive Offices (LEO) to a private investor for an undisclosed amount. QI originally acquired LEO from Morgan Stanley in 2013, and this recent sale, along with interim distributions, has produced a gross return of approximately 3.0 times their investment for QI’s fund investors.

Under QI's stewardship, LEO has transformed into the largest premium serviced office operator in the UK, achieving nearly GBP 100 million in revenues. The company boasts a robust market position with around 90% occupancy, an average customer engagement span exceeding three years, and a significantly diverse customer base, managing approximately 900,000 square feet of valuable office space across key locations in Belgravia, Mayfair, Midtown, and the City.

Industry Overview in the Target’s Specific Country

The UK serviced office industry has experienced significant growth, driven by increased demand for flexible working spaces and a shift in corporate