In our weekly look into the world of business, Eve Lakin from our Corporate and Commercial team, takes a look at Blackstone’s next venture…

Global investment firm Blackstone has bought a majority stake in UK based The Office Group (TOG).

Founded in 2003, TOG is a property management company with 36 buildings currently in its portfolio. The company’s USP is the provision of flexible workspaces that are designed to enhance both intra and inter tenant collaboration. Santander and British Gas are just two of the corporate heavyweights amongst TOG’s current tenant list.

The deal has been hailed as a sign of on-going confidence in the UK commercial property market despite an imminent Brexit.