Factory Berlin closes its largest 14.000 m2 campus in Berlin (Görlitzer Park) as part of a scaling down and revamp strategy.

“The strategy no longer agrees with the business model, says Zino Soyka, CEO of Factory. In concrete terms, it does not match the network idea of the Factory – the spaces are too large.”

The new working habits, with significantly more time in the home office, led to unused office, writes a Business Insider article.

Factory’s CEO believes that a more small-scale division is now needed to be able to network personally.

At currently three locations in Berlin and Hamburg, the first campus in Berlin-Mitte was opened in 2014, in a former brewery. The Görlitzer Park campus was inaugurated in 2018. The area was equipped with a restaurant, a cinema, a meditation room, a large ball pool, a 360XR room and a music studio.

Factory Berlin is likely the most iconic startup hub in the German capital. More than 150 startups are among the members of the Factory. Including Freeletics, GoButler, Lufthansa Innovation Hub, The New Motion, SoundCloud, Uber and Zendesk.

Factory provides its 3.500 members with creative spaces (labs), education trainings, joint work areas and event spaces.

“The realignment will lead to a “strictly curated business club for investors, founders and innovators,” according to Soyka, quoted in the article. Members do not mainly come to work in the factory, but to network, get to know investors or participate in events”.
New programmes and event series are planned.

https://www.businessinsider.de/gruenderszene/business/factory-berlin-schliesst-groessten-campus-2/