TOG completes Fora merger
Blackstone-backed TOG has completed its merger with rival flex office provider Fora, following approval from the Competition and Markets Authority.
The merged business will operate under parent The Office Group, with both the TOG and Fora brands retained until a full brand review is completed. Fora is backed by Brockton.
The combined portfolio spans 72 locations totalling 3.1m sq ft across London, Cambridge, Oxford, Reading, Bristol, Leeds, Berlin, Frankfurt, and Hamburg.
Blackstone-backed TOG has completed its merger with rival flex office provider Fora, following approval from the Competition and Markets Authority.
The merged business will operate under parent The Office Group, with both the TOG and Fora brands retained until a full brand review is completed. Fora is backed by Brockton.
The combined portfolio spans 72 locations totalling 3.1m sq ft across London, Cambridge, Oxford, Reading, Bristol, Leeds, Berlin, Frankfurt, and Hamburg.
Fora founder Enrico Sanna has been appointed chief executive of the combined group, with TOG founders Olly Olsen and Charlie Green becoming executive chairman and president, respectively. Fora co-founder Katrina Larking has taken up the role of chief environment, social and governance officer.
“More companies than ever are recognising the importance of well-designed workspaces, conducive to employee wellbeing and productivity,” said Sanna. “We see the combined group as perfectly positioned to meet that demand and accelerate our growth ambitions, in what is a competitive marketplace. Our combined portfolio offers well-located, high-quality, creative and flexible spaces with a range of exceptional services, amenities, events and wellbeing features.”
He added: “This is an incredibly exciting milestone, which combines two of the leading premium flexible workspace providers. The Office Group is a business entirely focused on the customer. The successful completion of this merger is just the start of a journey that will see us deliver an exceptional experience for our members and grow substantially in existing markets as well as new ones.”
Olsen said: “The Office Group creates a uniquely positioned workspace group that is dedicated to delivering the very best service for our customers. As we mark this significant achievement by our teams, it’s clear there’s never been a better time for our sector, with more organisations embracing flexible workspace as a key driver of their business success. Our joint expertise, sector knowledge and vast experience will ensure we are best placed to meet this increasing demand for our product and respond to the changing needs of our customers in terms of flexibility, choice, and quality.”
The deal to merge the two companies was first revealed in March.
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Image from TOG
