Private equity firm Blackstone Group invested in The Office Group, which provides flexible workspaces in London, Leeds and Bristol, including private offices, coworking memberships, meeting rooms and event space hire. Blackstone has agreed to acquire a majority interest in TOG from chairman Lloyd Dorfman putting an enterprise value on TOG of approximately £500m. Anthony Myers, Head of European Real Estate at Blackstone, said: “The traditional workspace is being redefined in gateway cities across the globe, as evolving business practices increase demand for flexible office space to suit the needs of the discerning modern occupier. We are excited about this opportunity and look forward to working with the team to capitalise on the sector’s continued growth.”