Serviced office provider, ‘The Office Group’ has been sold for over £40 million, according to a report in City AM.

The company, which operates serviced offices in locations across London, has been bought by Lloyd Dorfman – the man who founded Travelex.

The office company was sold to the business man by private equity firm, Bridges Ventures.

“With interests in this sector already I was looking to diversify and it was evident that The Office Group had a very clear, differentiated proposition, an established customer base and a great vision for the future,” said Dorfman told City AM.

The Office Group has serviced offices in Farringdon, King’s Cross, Shoreditch, Marylebone and outside of London in Bristol.