Just months after acquiring the assets of Knotel, a leading flexible office platform with locations throughout the U.S., the U.K. and Europe, Newmark Group Inc. has acquired a majority stake of the start-up Space Management (doing business as Deskeo), a provider of flexible and serviced office space for enterprise clients in France. Based in Paris, Deskeo adds over 50 locations to Newmark’s international flexible office portfolio. The portfolio will now leverage Newmark’s growing Global Corporate Services (GCS) group, which provides a comprehensive suite of workplace services to companies worldwide.
“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,” said Newmark Chief Executive Officer Barry Gosin. “Through our growing GCS group, we have developed the unique capacity to offer a truly holistic view on international real estate markets and to offer clients the solutions they need for those markets. 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.”
Newmark’s GCS group has experienced an intensive growth period as the company has invested in its global expansion through acquisitions and hiring. In 2021, GCS has added over a dozen new senior experts, including Chief Executive Officer Richard Bertasi in New York City and GCS Chief Operating Officer Mike Runicles in Singapore, and earned 231 new business assignments from 195 discrete clients in the first half of the year alone.
Deskeo offers flexible leasing for on-demand and tailored large-format workspaces and the services associated with the provision of those spaces. It is a plug-in extension to the GCS suite of services and provides Newmark with additional sites and resources in western Europe. The company was founded in 2016 by Benjamin Teboul and Frank Zorn to provide a variety of office solutions that can reflect its clients’ organizational set-up and company culture and it brings to Newmark expert resources in market strategies, leasing, design and project management to aid in further growth. The pair will continue to lead Deskeo with Newmark to build and expand on their success to date.
“This is an exciting next stage for Deskeo, and we are thrilled to be joining and partnering with the Newmark team,” said Frank Zorn, Deskeo co-founder. “Newmark’s vision to become a truly global company is very appealing.”
