International real estate advisor Savills expands its flexible office specialist Workthere with acquisition of London based flexible advisor Situu.

Situu specialises in the delivery and marketing of managed office space on behalf of landlords. Situu will be combined with the coworking focused Workthere technology and advisory operations, “adding to the existing flexible office advisory service for occupiers, operators and landlords, creating a fully comprehensive offer that operates across the entire flexible office spectrum”, state both companies.

The Workthere online flexible workspace platform was launched in 2017 by Savills. The inventory covers locations in some of Europe’s main capital cities, in Asia and in the US.

“Workthere and Situu have complementary strengths, with Situu focussed very much on the flex managed leasing market which, combined with our existing occupier services and leasing offer at Savills, will allow us to offer a broad, best in class, flex advisory for clients. We are looking forward to progressing this strategy with Situu on board”, says Cal Lee, Workthere’s founder.

“Occupiers looking for sub 1.000 m2 are increasingly looking to serviced and managed space to provide a solution, and with this trend set to continue in the long term, the opportunities for the flex sector to evolve further are considerable”, writes Peter Hall, co-founder of Situu.

https://www.egi.co.uk/news/savills-buys-flex-advisory-firm-to-merge-with-workthere/