Nov 2021

Opus advises Busworks serviced offices on its sale to Workspace Group

Category: Deal Announcement

The Opus Built Environment Team is delighted to have advised Busworks on its sale to Workspace Group PLC, London’s leading provider of flexible office space, for a total of £45m.

Busworks has thrived under its founder Gillian Harwood and is located in a former Victorian bus factory on 1.6 acres in Islington. Busworks provides 104,000 sq. ft. of net lettable space for occupiers, including a range of dynamic early-stage growth businesses.

Opus worked closely with Gillian and the Busworks shareholders supporting the preparations for the business sale and the engagement with potential purchasers, resulting in the selection of Workspace as a preferred buyer capable of maximising the exciting potential of the Busworks facilities and business.

This is an important transaction for the Built Environment Team and we look forward to working with existing and new clients on further opportunities in the coming months. Nigel McNelly and his team would be delighted to talk to you – do please get in touch.