Knotel owner ‘bullish’ as it scoops up French flex office operator by PlaceTech

Office space operated by Deskeo, which Newmark has acquired in an expansion of its operations in western Europe. Months after buying Knotel, Newmark has acquired a majority stake in Paris-based serviced office provider Deskeo in a deal CEO Barry Gosin called a “Testament” to Newmark’s bullishness on the future of flexible offices. Deskeo, which counts Spotify, Shell, AXA and TikTok among its partners in France, will add 50 locations to Newmark’s portfolio, which now stands at 160 offices around the world. Earlier this year, Newmark rescued Knotel from bankruptcy, replacing its leadership team and pursuing a new management service model. Barry Gosin, CEO of Newmark, said: “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.” Offering flexible leasing for on-demand and tailored large-format workspaces, Deskeo will be part of Newmark’s growing Global Corporate Services business, which provides a suite of workplace services around the world. Announcing the acquisition, Newmark said: “The additions of Knotel and Deskeo position Newmark and GCS for further growth, equipping the group with a suite of services that meet the varying needs of modern businesses, including portfolio strategies, leasing, project management, facilities management, workplace strategies and more.”