Private Equity

Private equity firms overhaul London offices in the wake of Covid

The pandemic and a move to home working have caused the PE sector to rethink the space it needs

Mayfair is still the spot of choice for most PE houses
Mayfair is still the spot of choice for most PE houses Photo: Shomos Uddin/Getty Images

In the wake of Covid, buyout bosses are rethinking the future of the office.

Private equity and venture capital firms have been slashing the size of their London offices, with average space down from 7,087 sq ft in 2020 to 4,977 sq ft in 2021.

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