Coworking Agreement with Mindspace

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 5236S Globalworth Real Estate Inv Ltd 26 June 2018  \n\n \n26 June 2018\nGlobalworth Real Estate Investments Limited \n(\"Globalworth\" or the \"Company\")\nCoworking Agreement with Mindspace\nGlobalworth is pleased to announce a collaboration with Mindspace Ltd., the leading global operator of high-end, inspiring coworking space.  The Company has signed a lease agreement with Mindspace to open its first locations in Romania in three of Globalworth's buildings, for approx. 12,000 sqm across Globalworth Campus, City Offices and Bucharest Tower Center, all in Bucharest. Romania marks the 7th country in which Mindspace offers its flexible workplace solutions. As part of this collaboration, Globalworth will also make an equity investment in Mindspace of US$10 million (c.€8.6 million) to support its ongoing growth.\nEma Iftimie, Head of Leasing at Globalworth at Globalworth: \"We already have a well-established partnership with Mindspace, as the company operates in our legendary Hala Koszyki property in Warsaw, Poland, and today we expand our partnership in Romania. By bringing Mindspace to our buildings, we will be able to cater to a wider universe of potential tenants and their ever-changing needs. Mindspace offers best in class flex-office solutions that are well aligned with the quality and level of service that Globalworth wishes to offer its partners, and we are delighted to play a role in its expansion\"\nYotam Alroy, Co-Founder and Chief Business Officer at Mindspace, said: \"Bucharest boasts one of the fastest-growing economies in Europe. With a population of almost 2 million people, and highly educated and talented workforce, we identified a strong demand of large global companies that are seeking to have presence in the city. By collaborating with Globalworth, Mindspace will be able to offer its leading high-end service in some of the market's most desirable locations and buildings. Globalworth has a large portfolio of prime located, high quality, class-A office buildings in the country\" \nBy entering Romania, Mindspace increases its portfolio to 28 locations, spanning over approximately 90,000 square meters, and enhances its offering and positioning as a leading, high quality flex-office operator in Europe and the U.S., with presence in 7 countries and 13 cities.\n \n \nFor furt...

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