Nikolai Pandev
- black stone (New York Stock Exchange:BX) is exploring a sale of The Office Group for 1.5 billion pounds ($1.89 billion) as the private equity giant seeks profits following the collapse of rival WeWork, according to British newspaper The Telegraph. reported Sunday, citing people familiar with the matter.
- Black stone (BX) has held talks with advisers about a possible sale or public offering as demand for flexible office space recovers and is seeking a deal by the first quarter of 2025. The asset manager bought a majority stake in The Office Group in 2017 .
- The commercial real estate sector suffered when pandemic lockdowns led many people to work from home, but the adoption of hybrid offices is increasing demand for flexible workspaces.
- In 2022, Office Group was renamed Fora after a merger with office space rival Fora.
