Leading London office provider Office Space in Town (OSiT) has announced a landmark leadership reshuffle that sees Giles Fuchs become Chairman, being succeeded as CEO by his sister and co-founder Niki Fuchs. Current Developments Director Simon Eastlake replaces Niki as Managing Director, while Divisional Director Georgia Sandom, recently appointed ESG lead, becomes Operations Director.
Sibling duo Giles and Niki hand over the positions they have held since founding OSiT together in 2009, with the aim of preparing other key company personnel for future leadership roles and rewarding their commitment over many years.
Eastlake’s remit as new MD will incorporate the development of the business as well as its growth strategy going forward, working closely with Niki, Sandom, and co-founder and Sales Director Sarah Singlehurst to sustain the success that OSiT has enjoyed in the wake of the pandemic. Sandom will also take over all operational duties in her new position.
Eastlake joined OSiT in 2012, when the company had two centres and was looking for someone to support with its expansion. Leveraging more than a decade of experience in the serviced office sector, including at the Serviced Office Company and City Executive Centres, he has helped OSiT open a further four centres, with the aim of adding two or three more each year. Eastlake recently led on the deal to buy out Brightbay’s share of the portfolio, giving OSiT full ownership of its flexible workspace portfolio.
Sandom has been with OSiT since 2011, enjoying more than a decade of professional growth alongside the considerable development of the business in that period. Her recent roles at the company include Divisional Director of OSiT’s St Paul’s, Mayfair, and Waterloo centres, as well as taking primary responsibility for the development of OSiT’s new ESG strategy, which launched last month.
Supported by both Eastlake and Sandom in their new positions, Niki will lead and advise on the direction of the business in her own new role as OSiT’s CEO. This includes fulfilling the company’s vision, outlined in the wake of its recent deal with Brightbay, to reach a valuation of £1bn by 2029.
After over two decades leading the business, stepping into the role of Chairman will provide serial entrepreneur Giles with the resource to focus on his other ventures, Gunner’s Cocktails and Burgh Island Hotel.
OSiT’s Board of Directors is confident that the promotion of Eastlake and Sandom to the positions of Managing Director and Operations Director respectively will enhance the ability of the business to undergo its next phase of growth, with Giles and Niki continuing to provide the vision and leadership that has been instrumental in OSiT’s success over more than a decade.
Giles Fuchs, Chairman of Office Space in Town, said: “It is a pleasure to reward two colleagues who have supported us for so long, as Niki and I take in our new and exciting positions in the business. I am looking forward to focusing on my other ventures with Burgh Island Hotel and Gunner’s Cocktails– making me well equipped to toast both Simon and Georgia’s future success!”
Niki Fuchs, CEO of Office Space in Town, said: “OSiT has always been a family business from its foundation to its values, and both Simon and Georgia have been key members of the OSiT family for at least a decade now. With my new brief to lead the business to a £1bn valuation by the end of the decade, I can think of nobody whose support I can rely on more confidently in the next stage of our growth.”
Simon Eastlake, Managing Director of Office Space in Town, said: “Having worked with Giles and Niki multiple times over a period of 20+ years, there are few shoes that will be more challenging to fill than Niki’s as OSiT’s MD. It is, however, a challenge that I am immensely looking forward to, all the more so because I know I can count on the continued support of my fellow Directors.”
Georgia Sandom, Operations Director of Office Space in Town, said: “OSiT has been a great place to grow and be recognised with new responsibilities despite still being at a relatively early stage in my career. I hope to spend much of what remains continuing to support the rest of the team as we work together to make OSiT even more successful.”
