Franco-Ivorian Africaworks Coworking Expands in Lagos With First Deal From New Investment Fund
AfricaWorks Investment Partners (AWIP), the real estate investment platform linked to the AfricaWorks coworking operator, acquired a mixed-use business park in Lagos, Nigeria. The site will be redeveloped into a flexible workspace hub, scheduled to open in Q3 2026.
The development will include more than 1,500 sqm of workspace and amenities. Plans include managed offices for around 125 users and coworking space for about 200 members. A conference centre for around 80 people is also planned. Additional amenities include boardrooms, a café, a fitness centre and concierge services. The site will be operated by AfricaWorks.
The Lagos acquisition deploys capital from the company’s investment platform focused on office and flexible workspace assets in West Africa. In January 2026, the firm announced a second investment vehicle targeting about €10 million in equity. The fund aims to accelerate expansion across major commercial hubs in the region.
According to Grégoire Schwebig, founder of AfricaWorks, the strategy builds on operational experience in flexible workspace. “From the outset, AfricaWorks was built as an operational platform, close to the needs and realities of the companies we support every day,” he said. “With AWIP, we invest only in assets that we know how to operate, improve and upgrade over time, through a disciplined approach rooted in the realities of African markets.”
Founded in 2019, AfricaWorks operates more than 15 flexible workspace locations across seven African cities, including Lagos, Dakar and Johannesburg. The company provides coworking desks, private offices and meeting facilities for entrepreneurs, SMEs and multinational companies. Across the network, AfricaWorks manages more than 25,000 sqm of workspace and serves over 1,000 corporate clients, including international companies such as Spotify, TikTok, L’Oréal and Mastercard.
In 2025, the operator was ranked among Africa’s fastest-growing companies in the Financial Times, reflecting the growing role of flexible workspace in Africa’s business infrastructure.
Pic Source: africaworks.co
