Agartha Capital, mother company of Impact Hub Madrid, takes control of the Barcelona based OneCoWork
Agartha Capital, the mother company of Impact Hub Madrid, takes control of the Barcelona based operator OneCoWork – Flexible Workspaces.
“By incorporating OneCoWork into our portfolio, we reinforce our growth vision of creating inspiring and innovative premium workspaces that provide all the solutions clients need to develop their businesses, reaching 25,000 m2 of flexible spaces operated in the Iberian Peninsula by 2024,” says Ricardo Castellanos Garcia, CEO of Agartha Real Estate (ARE).
Established in Spain in 2018, ARE specializes in the search, acquisition, renovation, and management of coworking assets located in major cities in Spain and Portugal. Currently, it manages a portfolio of 12 coworking spaces (10 fully operational, and 2 under construction in Barcelona and Lisbon), of which 5 are owned by ARE. ARE’s expertise covers all aspects of coworking space management, from facility maintenance to user experience management and community engagement in dynamic and productive coworking environments.
Founded in 2016, OneCoWork has three locations in Barcelona and one in Preston, UK.
Ben Nachoom, CEO of OneCoWork, will be a speaker at the upcoming Coworking & Flex Workspace Europe 2024 conference, in Sofia (Nov 13-14).
“Agartha’s commitment to our team values our experience and knowledge of the flexible workspace market. This transaction will allow us to continue growing in other regions, leveraging ARE’s territorial experience, as well as their managerial and financial strength”, he says in a joined press release.
“Acquiring the majority stake in OneCoWork by purchasing shares from SUM Capital—a vehicle led by Benjamin Nachoom, founder and CEO of OneCoWork—activates synergies and expansion opportunities for both entities. ARE expands its coworking asset portfolio with the expertise of the premium operator in Barcelona, while the acquired operator gains access to a broader network of resources, potentially extending its presence to new locations”, adds the press release.
With this transaction, Agartha is now the primary majority partner of both OneCoWork and Impact Hub, operating in different segments of the flexible office sector. The companies will continue to function as independent businesses, with their own teams, decision-making processes, branding, and management.
Full Press Release PR-Agartha-OneCoWork
