Coworking Industry News in Europe
German real estate developer ECE Real Estate Partners is investing over 65 Mid € in a residential project including coworking and other shared amenities in Rome.
German real estate developer ECE Real Estate Partners is investing over 65 Mid € in a residential project including coworking and other shared amenities in Rome: ECE Work & Live GmbH & Co. KG. The project aims to create an exclusive living environment with a modern design, a coworking space, a lounge, a fitness center, green areas, a swimming pool, and a children's area. The development, undertaken in collaboration with local partners, will encompass around 160 apartments spread across...
Viennese Hospitality and coworking player Schani Hotels announces the opening of its 3rd location in Vienna: UNO-City.
Viennese Hospitality and coworking player Schani Hotels announces the opening of its 3rd location in Vienna: UNO-City. Set to open in early 2024 the new hotel will blend Viennese charm with smart tech including 202 rooms, meeting spaces, and coworking facilities. What will set it apart is the innovation in facility automation - rooms will feature infrared presence detectors to minimize energy use, with lighting and climate monitored for optimal efficiency. A sustainable vision will be...
Global flexible workspace provider IWG has reported a 48% increase in half-year 2023 profit.
Global flexible workspace provider IWG has reported a 48% increase in half-year 2023 profit due to high demand and improved pricing for its spaces amidst the hybrid working trend. The company's system-wide revenue, encompassing franchise and joint-venture partner earnings, surged 16% to a record £1.68 billion for the first half of the year, driven by growth in core markets (such as the UK 🇬🇧, the US 🇺🇸, Germany 🇩🇪, and Japan 🇯🇵)...
UK flexible workspace provider with purpose x+why announces the opening of their 10th location in a new city for the brand: Manchester.
UK flexible workspace provider with purpose x+why announces the opening of their 10th location in a new city for the brand: Manchester. The new 3,300 sqm of flexible workspace also offers private offices, breakout space, and meeting rooms. With this new addition, x+why now operates 10 spaces across 4 cities (London, Birmingham, Milton Keynes, and Manchester) in the UK, with most of its spaces being located in London. Read more here:...
Estonian coworking player Workland acquires Finnish flex office brand Workery+
What great news to wake up to on International Coworking Day! Estonian coworking player Workland acquires Finnish flex office brand Workery+ As Indrek Hääl, Founder and CEO of Workland shared: "We have grown to a size of over 3 000 workstations and will be reaching over 10m EUR in annual revenues. There is more to come as our new project pipeline is stronger than ever. We’re bringing Workland’s signature quality and design to the Finnish market, offering a flexible, fully serviced office...
Munich’s flex office market is booming with a 59% demand surge, outpacing Berlin’s 14%.
Munich's flex office market is booming with a 59% demand surge, outpacing Berlin's 14% according to one of The Instant Group's latest analyses. Larger spaces are in vogue, hinting at the rise of established corps in Munich. Tech and consulting sectors drive this shift, accounting for 50% of transactions. Supply lags behind demand, making Munich a seller's market, with rates up by 15%. Munich challenges Berlin's flex office dominance, shaping a dynamic German market. Read more here:...
Madrid-based flexible spaces company, Cink Coworking, plans to operate 10 spaces in Madrid by the end of the year.
Madrid-based flexible spaces company, Cink Coworking, plans to operate 10 spaces in Madrid by the end of the year. With the new openings, Cink Coworking expects a 30% increase in turnover, reaching 3 million euros by 2024. The brand currently operates 7, which means 3 are underway. The 8th location will open its doors in September. Read more here: https://brainsre.news/cink-coworking-tres-nuevos-centros-madrid-2023/
French Real Estate Investment Trust (REIT) Norma Capital acquired a 900 m² office space in Barcelona, in which Cloudworks | Coworking & flexible offices currently operates.
French Real Estate Investment Trust (REIT) Norma Capital acquired a 900 m² office space in Barcelona, in which Cloudworks | Coworking & flexible offices currently operates. Recently renovated and fully occupied, the space is under a 7-year lease with Cloudworks | Coworking & flexible offices. This acquisition aligns with Norma Capital's investment strategy in office, retail, and commercial properties across the UK, Germany, Spain, and Poland. Read more here:...
Belgian flexible office space Officenter is opening its fifteenth location.
Belgian flexible office space Officenter is opening its fifteenth location. The new branch, strategically located between Brussels and Antwerp, represents an investment of 7.7 million euros. Officenter now operates more than 40,000 square meters of office space and gathers more than 1,000 customers. The company's growth is driven by the increasing demand for flexible office space following the pandemic. “We expect that by the end of this decade, 20 to 30 percent of offices will be filled...
Portuguese coworking operator Avila Spaces is set to open its third coworking space in Lisbon in September of this year.
Portuguese coworking operator Avila Spaces is set to open its third coworking space in Lisbon in September of this year. The opening is driven by a 60% increase in demand from companies seeking alternatives to traditional leases. "It is very interesting to see that coworking spaces are increasingly sought after, not only by small but also by large companies, as part of talent attraction and retention strategies”, says Carlos Gonçalves, CEO and founder of Avila Spaces. The new 1,000 sqm space...
The coworking arm of Nexity, one of France’s most important Property and Real Estate services companies, is confirmed as one of the group’s leading businesses in 2023.
The coworking arm of Nexity, one of France's most important Property and Real Estate services companies, is confirmed as one of the group's leading businesses in 2023. In the first half of 2023, the Serviced properties activities of Nexity generated revenue of €129 million, up 27% relative to end-June 2022, reflecting growth in the portfolio, particularly in coworking spaces, writes Nexity. Coworking performances have offset the decrease in revenues from Nexity's traditional sales and lettings...
The German coworking operators WORQS Coworking and Tink Tank Space are joining forces to extend their mutual commercial offerings to each others’ network.
The German coworking operators WORQS Coworking and Tink Tank Space are joining forces to extend their mutual commercial offerings to each others' network. Based in Heidelberg, Tink Tank operates two locations. Worqs claims 24 locations in 17 cities. Work Inn is already part of the alliance. The alliance will have broader geographical coverage. So far, it covers the Ruhr region with Aachen and Cologne, Hanover, Berlin, Rhine-Main, and Bavaria. Synergies and economies of scale are to be used in...
Malaga is becoming the third hottest coworking market in Spain.
Malaga is becoming the third hottest coworking market in Spain. The flex workspace demand is so high nowadays in the city that the average occupation rate has reached a record 92%, according to CBRE numbers. Director of CBRE in Andalucía, Rosa Madrid Racero, says "The growth of coworking spaces comes down to companies deciding to locate to destinations where their workers want to live, or allowing their employees to move to other locations. Their main objective is to retain talent", she adds....
The flexible office market of the Tri-City area (Gdansk region, Poland) is expected to grow by 20% by the end of 2023 and will reach 30,000 sqm.
The flexible office market of the Tri-City area (Gdansk region, Poland) is expected to grow by 20% by the end of 2023 and will reach 30,000 sqm. This will translate into approximately 570 new jobs. Flexible offices currently occupy approx. 25,200 sqm. in 18 locations that offer over 2,800 workstations. Chilliflex, O4 Coworking, Spaces, Quickwork (Cavatina Holding), Regus, collab | flex space, Leśna HUB Coworking, GOOD SPACE coworking, CitySpace, Mind Dock coworking (Stocznia Cesarska...
Cowoliday, a French coworking operator targeting holiday resorts and destinations opened its 12 first destinations across the country.
Cowoliday, a French coworking operator targeting holiday resorts and destinations opened its 12 first destinations across the country. The brand provides tailored coworking spaces equipped with top-notch facilities in spots like bed and breakfasts, campings, holiday resorts, and hotels. 18 additional locations will open across France before the end of the year. "Cowoliday gives a fresh impetus to remote work and democratizes telecommuting for everyone. Thanks to our concept, the 'digital...
German coworking player orangery. and proptech startup Nooka Space launched Office Cubes, bookable offices on the highway.
German coworking player orangery. and proptech startup Nooka Space launched Office Cubes, bookable offices on the highway. 3 Office Cubes are currently available in the region of Düsseldorf, with more to come in the near future. Each cube is equipped like a normal office, with stable internet and soundproofing. “Orangery stands for flexibility, we want to make it possible for everyone to work from anywhere. In cooperation with Nooka, we are getting one step closer to this vision," says...
COS, a Romanian integrator of turnkey solutions for interior spaces launched a 2,000 sqm R&D workspace in Bucharest known as MASIA Office.
COS, a Romanian integrator of turnkey solutions for interior spaces launched a 2,000 sqm R&D workspace in Bucharest known as MASIA Office. This project materialized through a significant investment of 1.6 million euros. Masia serves as both a serviced space for tenants and a testing facility for customers' future work setups. With this latest addition, COS now operates 4,200 sqm of space across four cities in Romania, offering two brands: Stables Office and the newly introduced Masia. Read...
UK Flex Operator Runway East opens its 9th location at Kantar Group’s Bloomsbury Offices.
UK Flex Operator Runway East opens its 9th location at Kantar Group's Bloomsbury Offices. The new location is a joint venture between Runway East the leaseholder and the property's landlord abrdn. It will offer a 4,500 sqm office for teams of 4 to 100, along with a 120-capacity event space, garden, break-out spaces, 40 meeting rooms, and a 20-person boardroom. Runway East currently operates in 3 UK cities: London (6 spaces), Bristol (2 spaces), and Brighton (1 space). Read more about it here:...
Valencian coworking operator wayCO is expanding with 4,000 sqm of new additional capacities to be opened in the next 2 years.
Valencian coworking operator wayCO is expanding with 4,000 sqm of new additional capacities to be opened in the next 2 years. Expansions will be located in residential areas. WayCo currently operates 3 spaces totaling 6,400 sqm in the city, with 400+ users and 50 companies. 70% of WayCo's members are currently corporate companies, while 30% are freelancers or digital nomads. 2 new spaces are being developed, which will increase WayCo's managed assets to 11,000 sqm in Valencia. "We know that...
The Instant Group acquires yta.se, one of Sweden’s leading marketplaces for flexible offices.
The Instant Group acquires yta.se, one of Sweden's leading marketplaces for flexible offices. The acquisition solidifies The Instant Group as the world's largest data-driven platform for flexible workplaces across 168 countries and 5,500+ cities. With 8,000+ rooms, yta.se has driven significant growth in Sweden's coworking sector, which accounted for 3.5% of Stockholm's total office supply in 2022. Generating SEK 250 million in annual rental income and facilitating 500+ company...