A merger has been announced between The Office Group and Fora. The two are seeking to become one of the best flexible workspace companies in Europe and the United Kingdom. Regulatory approval is awaited. The total area of 72 locations of the combined group is learned to be about 3.1 million sq. ft.
The new group is to cover together London, Oxford, Cambridge, Bristol, Reading, Leeds, Frankfurt, Hamburg and Berlin as well as to look for further expansion in other major European cities. As of now, the financial terms have not been disclosed either by The Office Group or Fora with respect to the proposed merger.
Olly Olsen, a co-founder of The Office Group, may be named as the executive chairman of the merged company. The CEO post could be held by Enrico Sanna, co-founder of Fora.
Simultaneously, Charlie Green, co-founder of The Office Group, may look after the real estate aspects by holding the president post while co-founder Katrina Larkin of Fora to chair as an officer for environment, governance and social.
The clubbing of two popular business houses may ensure placing the merger to grab growth opportunities in the continent along with better offerings to members.
The bosses have realized the workplace is not a commodity, but a space to be actively used for improved collaboration and productivity as well as well-being of the entire team.
The two companies will be able to meet the needs better with a combined portfolio and offer better services and amenities.
About The Office Group
TOG or The Office Group was founded in 2004 and provides about a half-ton design-led flexible workspaces in Germany and UK. It is mostly spread across London and a mix of offices housing from a single individual to about 2,000 people based on co-working memberships, meeting rooms, relaxed lounge spaces and event space hire. Many of its workspaces are equipped with gyms for the members to use and provide freshly cooked food at in-house cafes.
Headquartered in London, UK, the company is currently serving 51 locations in London, Leeds and Bristol with products like serviced offices, meeting rooms, virtual addresses, event space and co-working. It stepped outside the UK in 2019 by acquiring a building in Germany. It serves five locations in the country and three of these are in Berlin.
TOG announced to open Network Rail in 2014 to cover drop-in workspaces in Cross railway station, Leeds railway station and Liverpool Street station with the focus to come up with mobile offices at railway stations throughout major cities in the country.