New Work, the largest independent flexible office operator in Central and Eastern Europe, has secured new funding to accelerate the implementation of its 360° Workspace Solution strategy.

360° Workspace Solution transforms its approach to clients to address major changes in the flexible office industry. According to Michael Smithing, the CDO of New Work, the business is not about collecting rents anymore, it´s about providing services proactively. 

“The fact that we were able to close our latest capital increase in such difficult times is proof that New Work is on the right track and our products fulfill the requirements of landlords and tenants. The 2.1 million Euro Series B capital increase secures the opportunity to further develop and implement our 360° Workspace Solution, addressing the new reality no matter what it looks like,” Marcin Sojda, CFO of New Work, said.

Research by Colliers International indicates that flexible offices are the fastest-growing segment of the commercial real estate market. The recent experience in Asia suggests that Covid-19 will further increase demand from corporate occupiers as they seek to de-risk their portfolios during the remainder of 2020. 
“In the current situation, almost every company has been forced to reorganize or re-plan their business. While a significant portion of office workers are now working from home, many companies are looking to the flex office market to provide temporary quiet accommodation in individual or small team offices in a bid to maintain employee productivity,” Hubert Abt, CEO of New Work, emphasized.

(WBJ)