Belgian RE Ghelamco pours 19 Mio € in its Coworking arm MeetDistrict
MeetDistrict has 4 locations in Belgium (Antwerp, Brussels, Ghent).
In total, MeetDistrict counts 1.800 work spots, 120 meeting rooms and hosts 300 events a year.The company, launched in 2014, is operating on the low floors of Ghelamco owned buildings.
MeetDistrict’s revenues grew strongly in 2023, according to Geoffroy Speybrouck, who runs the company with Simon Gheysens.
However, the cumulated loss over the last years had dipped to close to 15 Mio €, a lot related to the investment related costs, especially in digitization, a.o…
Today’s strong investment by Ghelamco is a proof of the confidence the mother company has in its coworking business. We have cleared the way financially and are ready to grow by ourselves in the upcoming future, says Geoffroy. Speybroouck. Operational profitability is at reach, he adds.