A leading workspace provider in Britain is branching into new global locations – with young people eager for sun and travel.
The private equity group Inc & Co is pouring €1.5m (approximately £1.28m) into incspaces, its flexible working brand.
New locations will be opening in key markets across Europe, the US, Middle East and Asia.
The extension starts with Barcelona – a city that more than 22,000 British expats call home, according to statistics from 2022.
The decision to invest in flexible workspaces is a result of rising demand – especially among modern companies trying to attract millennial and Gen Z staff.
With nomadic life also becoming more popular among younger people, who want to travel while working, it makes sense to offer locations beyond Britain.
The Dublin office will open this quarter and already has 95% pre-let occupancy.
Not to worry, there are more sites coming soon with the USA, Bangkok and Amsterdam on the map.
“We’re investing €1.5M into our two new European buildings, which is the start of a strategic realignment for incspaces, positioning the company to capitalise on new opportunities and build a strong international presence,” said Jack Mason, Group CEO of Inc & Co.
“We are dedicated to supporting our clients’ growth and success through flexible, high-quality work environments wherever business takes them.”
The company not only aims to open new offices but is reviewing the overall strategy for its flexible workspace brand – including “revitalising” its leadership team to “drive growth”
Incspaces has decided not to renew its London office leases.
However, the brand has launched a different type of space for start-ups and entrepreneurs.
Dubbed Infinity Office, members will be able to drop in casually, have mail directed or meet and attend events, but are not obligated to commit to space.
This new service launched earlier this month and has already seen interest from start-ups in Manchester in particular.
