Nigel McNelly
Opus Corporate Finance
Busworks
Deal Type
Company sale
Sector
Business Services
Completion Date
17th November 2021
Deal Value
£45m
Company Background
Busworks is located in a former Victorian bus factory on 1.6 acres in Islington. Busworks provides 104,000 sq. ft. of net lettable space for occupiers, including a range of dynamic early-stage growth businesses.
Deal Summary
The Opus Built Environment Team is delighted to have advised Busworks on its sale to Workspace Group PLC, London’s leading provider of flexible office space, for a total of £45m.
Busworks has thrived under its founder Gillian Harwood and is located in a former Victorian bus factory on 1.6 acres in Islington. Busworks provides 104,000 sq. ft. of net lettable space for occupiers, including a range of dynamic early-stage growth businesses.
Opus worked closely with Gillian and the Busworks shareholders supporting the preparations for the business sale and the engagement with potential purchasers, resulting in the selection of Workspace as a preferred buyer capable of maximising the exciting potential of the Busworks facilities and business.
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