Coworking Industry News in Europe
The Indian coworking marketplace StyleWork raises US$ 2 Millions
The India based Coworking marketplace StyleWork.city has raised US$ 2 millions in Series A1 funding round led by the Indian fund QI Ventures along with other investors. According to the communication, the deal values the company at US$ 20 millions. The startup is looking to record a Gross Merchandise Volume of over US$ 35 million in the upcoming financial year. The Gurgaon-based Stylework was founded by Sparsh Khandelwal in 2016. It currently operates in more than 80 cities in India....
French operator InSitu Groupe acquires the Toulouse based coworking brand At Home Écosystème
French premium flex office operator InSitu Groupe continues its external growth with the acquisition of the Toulouse coworking brand At Home Écosystème With a forecast of +23% in 2023, At Home strengthens the activity of InSitu Groupe, whose turnover in 2022 amounted to €25 millions, up +16% compared to 2021. The acquisition enriches InSitu's real estate portfolio which now totals nearly 50.000 m2 under management across 10 locations (8 from InSitu + 2 from At Home), making it a benchmark...
The myhive coworking brand (IMMOFINANZ RE group) has an estimated ‘carrying’ value of 1,8 Bio € in 2022.
The myhive offices coworking brand, supported by the Real Estate group IMMOFINANZ, reached an estimated 'carrying' value of 1,8 Bio € in 2022. Originally from Austria, Immofinanz focuses on two core businesses office and retail, with a current portfolio value of 8.4 billion representing 3.5 million m2 of rentable space, across 8 countries in Central and Eastern Europe. Since the takeover by CPI Property Group which held 76.9% in Immofinanz, the coworking development strategy was confirmed and...
MAPFRE to transform a fashion mall into a 8.000 m2 coworking environment in Madrid
The Spanish Multinational Insurance company MAPFRE has decided to convert a fashion mall into an 8.000 m2 coworking space in Madrid. The transformation will be carried out by MERLIN Properties, Grupo Gmp, Corporacion Financiera Alba SA, MONTHISA REAL ESTATE SL, CAJAMAR, and MAPFRE itself. "This implies a great metamorphosis in the business center of the capital with a clear commitment from all involved companies to return the building to the splendor that was initially designed decades...
Selina Group is to open first locations in Germany
The giant Panama-based group Selina, which has developed a network of more than 160 locations mixing hotels, lifestyle, and coworking across the globe, mainly in holiday spots, is now expanding its footprint in more traditional cities. After Vienna, Selina now opened its newest location in Berlin and its first in Germany: Selina "Haus". This newest edition is one of the 10 to 15 openings planned for 2023. Selina will be speaking at this year’s edition of the Coworking Europe Conference in...
IDEA Spaces acquires NOW_No Office Work in Lisbon
IDEA Spaces acquires NOW_No Office Work to exponentiate its positioning in the creative industries. With this new acquisition, Idea Spaces now operates 5 spaces across Lisbon, bringing its total portfolio size to 16,500 sqm. The brand will open one more space in Lisbon before the end of 2023. “It wasn't a planned opportunity, but it represents much more than an increase in locations; it represents the honor of being able to continue the legacy of Fernando E. de Pina Mendes (founder of...
The Romania Flex Workspace market accelerated expansion in 2022
Romania's flex workspace market is growing fast. 18.000 m2 of new additional flex surface has been added to Romania’s office market in 2022 alone according to a new analysis carried out by Crosspoint Real Estate. 61% of it was in Bucharest, where the average size of a flexible office is 1,260 sqm, compared to 879 sqm for Cluj-Napoca and 529 sqm Iași. Who drives growth in the country? The main players are Hotspot (2 locations), Commons (4 locations), Mindspace (2 locations), aSpace Co-working...
Polish coworking operator Chilliflex is set to double its footprint to 10 branches by the end 2023
Polish coworking operator Chilliflex is set to double its portfolio and have about 10 branches by the end of the year, bringing its total size to 23,000 sqm, in Poland. Operating in Krakow, Gdansk, and Bydgoszcz, Chilliflex does not open premises smaller than 1,500 sqm and prides itself on an average occupancy rate of 80 to 90%. “We are currently finalizing talks on two large contracts - ranging from 4,000 sqm to 6,000 sqm. In Kraków, we are preparing to sign a contract for 6,000 sqm. sqm and...
Hubflow, the Belfast based coworking company, plans to open 100 new office spaces in 5 years
Hubflow, the Belfast coworking company plans to expand in London and open 100 new office spaces over the next 5 years. The company has already agreed on terms for 12 office spaces across London. All new outlets will focus on creating ‘bespoke’ headquarters for small and medium-sized companies which require facilities that accommodate between 25 and 125 or more employees at any one time. “It’s been our mission to create inspiring and vibrant value-for-money office spaces for SMEs and corporates...
IOFFICE Business center big winner of the Workaround Sweden Coworking Awards
IOFFICE Business center, a Stockholm brand with 8 locations around the city, is the big winner of the Sweden Coworking Awards, with 4 Awards collected in total. Organized by the platform Workaround, the awards recognize the work of Swedish operators across 8 categories, based on 2,600 votes from tenants and landlords. iOffice brings home - Coworking Space of the Year 2022 (1st place), Community of the Year 2022 (3rd place), Most Sustainable of the Year 2022 (2nd place), and Uppsticker of the...
Vibes Offices and The Space, two of Saudi Arabia’s biggest coworking brands, merge
Vibes Offices and The Space, two of the biggest coworking brands in Saudi Arabia, announced their merger. The new entity will become the most important coworking operator in the region. The merger combines 20 coworking spaces in 8 cities, an entrepreneurial network with over 2,000 partners and clients, and has incubated over 150 companies from 40 countries. https://lnkd.in/dFWSK3zQ
Big difference in price for flex desks between the higher and the lower end in London
The difference in price for desks between the higher end and the lower end of the market has more than doubled in London between 2021 and 2022. The rest of the UK has witnessed a slower 20% increase between the higher end of desk prices, with a wider range of options between the lower to middle end of the market, says Workthere’s latest report. “Distinct flight to quality, coupled with a significant lack of supply in the flexible office sector has exacerbated the distinction between the top...
A successful regional flexible workspace offering – Officenter opens 7 new locations in Belgium
A successful regional flexible workspace offering - Officenter opens 7 new locations in Belgium Officenter is one of the most important regional flexible workspace operators in Belgium. The company is opening up 7 new centres to grow their network to 16 locations in total thanks to the support of local investors. The model of regional flex offices offering proves to be valid. A discussion with Christa Joucke, Co-Owner & Managing Director at Officenter. Learn more about their story and...
2021 latest data about the impact of Covid-19 in coworking spaces in Europe
2021 latest data about the impact of Covid-19 in coworking spaces in Europe MatchOffice just released its 2021 Survey covering the situation of the flex workspace industry in Europe. The Covid-19 crisis has had a dramatic impact on the operators, with some differences between countries. The future might be very bright though. Discussion with Olga Fomenko, Marketing Director at MatchOffice, about the 2021 latest data about the impact of Covid-19 in coworking spaces in Europe. Download the full...
Mindpark: “We move from just offering coworking to take in charge the management of whole newly constructed buildings”
Mindpark: "We move from just offering coworking to take in charge the management of whole newly constructed buildings" Sanna Ekström is one of the Co-founders of Mindpark, a coworking operator more than a decade active in the southern part of Sweden. The company, which started in 2008 as a simple café in the small city of Helsingor, on the shore opposing the Danish capital Copenhague, operates now 4 coworking locations and is one of the most visible brands in the region. The company has lately...
Europe’s coworking industry is waiting for a round of massive investments
Europe’s coworking industry is waiting for a round of massive investments BRUSSELS - JUNE 23rd, 2021. According to the study «Who owns the coworking industry in Europe? », produced by SocialWorkplaces.com, the European Union is still very far away in terms of investment volumes poured into the coworking market, compared to the situation in the US or the UK. While the post-Covid era is around the corner and the demand for satellite workspaces is expected to explode, Europe’s coworking industry...
Davide Dattoli (TAG): “The European coworking and real estate market are fragmented and need consolidation”
Davide Dattoli (TAG): "The European coworking and real estate market are fragmented and need consolidation” Talent Garden is one of the most important international coworking brands in Europe. The Italy based company has locations in operations in Austria, Denmark, Ireland, Italy, Lithuania, Romania and Spain. The coworking operator has recently announced the opening of new campuses in Barcelona and Lille and four more are to come next months. "The European coworking and real estate market...
Investors request EDGE to offer flexibility and hospitality on top of smart iconic buildings
Investors request EDGE to offer flexibility and hospitality on top of smart iconic buildings EDGE is a Holland based developer of smart buildings. Recently, the so called EDGE Building in Amsterdam was awarded the title of greenest and most efficient building in the world. As one hears a lot about landlords developing their own coworking brand, we see now real estate developers following the same way. EDGE has amplified its efforts to install cutting-edge technologies to make facilities...
Greece: remote work visas for professionals with reduced tax implications
Greece: remote work visas for professionals with reduced tax implications Haz Memon is the Co-Founder at Swiss Escape and Greek Escape, a co-living and coworking company running operations in Switzerland and Greece since 2016. Haz is also the Co-Founder at Co-Living Hub, a global co-living association with 250 co-living operators across the world. Since both projects started they witnessed a huge boost in remote work over the years and, due to Covid-19 pandemic, the increase has gone even...
How to fund your regional coworking expansion? – The DoSpace Sweden case
How to fund your regional coworking expansion? - The DoSpace Sweden case DoSpace is a coworking operator founded four years ago in the Swedish city of Linköping. The company announced a few weeks ago that it raised close to €1 million to support its further expansion across the country. DoSpace currently operates seven locations in four Swedish cities and it plans to have 30 location all over Sweden within the next five years. How a regional coworking player has raised almost €1 million during...