Unispace, a global workplace strategy, design and construction consultancy, today announced that it has finalized a transaction with major multinational private investment firm PAG for the sale of the company. Previously privately held, the sale of Unispace shares will see current shareholders leave executive roles in the company. Other senior executives and management, including recently appointed CEO Steve Quick, will remain with the company in their current roles, with additional non-executives to be appointed by PAG to support Unispace’s expansion plans.
“Unispace is a growth-focused business, and PAG supports our ambitions and will be a part of the continued and accelerated growth journey. This will position the business for growth right now and for many years to come,” Quick said. “Celebrating this investment on our 10-year anniversary really shows how far this business has come — and quickly. We believe they’re the ideal partner for us as we enter the next phase of business maturity. This move will support us to realize our growth potential through synergies, and by leveraging PAG’s extensive global networks, specifically in key growth markets.”
Unispace is primed for expansion U.S. markets (including New York City; Chicago, Illinois; San Francisco, California; Seattle, Washington and Boston, Massachusetts) and new business areas, the company said. This move is designed to accelerate growth domestically and abroad as owners and tenants continue to transition out of the COVID-19 pandemic. PAG’s extensive global property portfolio and relationships, including its investment in Cushman & Wakefield, will support Unispace’s global growth ambitions. Additionally, the private equity firm holds deep knowledge of Asian real estate markets, a key expansion area for Unispace, particularly China, India, Hong Kong and Singapore.
Since its inception in 2010, Unispace has utlizied an end-to-end approach in office strategy, design and construction markets for creating workplaces, growing the business to more than 600 people and 48 locations in 26 countries.
