A first bonds issuing by a coworking operator in Europe, and it comes from Workland, in the Baltics

A first bonds issuing by a coworking operator in Europe, and it comes from the Baltics.

Tallin based Workland Group plans to borrow EUR 2.5 million in several tranches. The first tranche of EUR 1.5 million will be with a term of two years and with an annual interest rate of 10.5%. Further tranches are planned for the year 2025 according to the capital needs.

The bonds will be distributed through the bonds platform BeMyBond, says the company.

““In 2024, Workland grew by 30% – we offered the market over 900 fully equipped and serviced workplaces in three new locations in Vilnius, Riga and Tallinn. In order to continue to ensure growth in the market with the ever-increasing demand for flexible office space, and to refinance existing liabilities, we decided to use an innovative financing method, the BeMyBond investment in bonds platform, that makes investment accessible to individual investors” comments Indrek Hääl, the founder and CEO of Workland.

The Workland Group operates over 31,000 m2 of floor space over 18 locations, catering for a community of more than 3,500 business professionals. In 2025, the Group’s consolidated turnover is projected to reach € 13.03 million, with an EBITDA of € 0,95 million. “Workland’s primary clients include companies from the financial technology, media, law, consulting, and creative industries, among others. Globally recognized brands such as Visa, Revolut, Danske Bank, Moody’s, BBC, Bloomberg, Uber, Booking.com, and many others have chosen Workland as their workspace”, writes the company in a press release.

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