A FLEXIBLE office provider with six business centres in the City of London has announced a new refinancing package worth £84 million.
BE Offices has just concluded the deal with HSBC which extends the period of its fixed debt to five years and releases cash to fund the company’s planned expansion.
Simon Rusk, BE’s Finance Director and co-founder, commented: “This is a major milestone in BE’s development. We are probably in the strongest financial position since the company was launched 25 years ago and at a time when this
stability gives us an incredible platform to take BE to the next phase of its planned growth.”
BE, which was founded in 1994, acquired the co-working specialists Headspace Group last year.
The company’s City of London business centres are in Aldgate, Barbican, Cheapside, Farringdon, Threadneedle Street and at the Royal Exchange. It has a further thirteen facilities at locations across London and the UK.