Knotel owner ‘bullish’ as it scoops up French flex office operator
Months after buying Knotel, Newmark has acquired a majority stake in Paris-based serviced office provider Deskeo in a deal CEO Barry Gosin called a “testament” to Newmark’s bullishness on the future of flexible offices.
Deskeo, which counts Spotify, Shell, AXA and TikTok among its partners in France, will add 50 locations to Newmark’s portfolio, which now stands at 160 offices around the world.
Earlier this year, Newmark rescued Knotel from bankruptcy, replacing its leadership team and pursuing a new management service model.
Barry Gosin, CEO of Newmark, said: “Our acquisition of Deskeo, combined with the existing Knotel portfolio, is a testament to Newmark’s long-term bullishness on the future of flexible office and our commitment to providing a diverse range of client services on a global scale.”
Offering flexible leasing for on-demand and tailored large-format workspaces, Deskeo will be part of Newmark’s growing Global Corporate Services business, which provides a suite of workplace services around the world.
Newmark described Deskeo as a “plug-in extension” to GCS, giving it additional sites and resources in western Europe.
Gosin added: “Particularly as companies contemplate their headquarters, satellite and remote office strategies, our ability to provide a full spectrum of solutions via a single platform, from strategy to workplace design to workforce enablement, is invaluable.”
The GCS business has grown significantly this year, adding a new CEO, Richard Bertasi in New York, and COO Mike Runicles in Singapore.
Announcing the acquisition, Newmark said: “The additions of Knotel and Deskeo position Newmark and GCS for further growth, equipping the group with a suite of services that meet the varying needs of modern businesses, including portfolio strategies, leasing, project management, facilities management, workplace strategies and more.”
Benjamin Teboul, co-founder of Deskeo, said: “Together with the GCS platform, access to growth capital and synergies with Knotel, we can leverage the Deskeo success to date and continue to expand in the European and key international markets while providing space and services that occupiers need.”