In The Loop: Coliving, The Riveter, And CBRE’s Intermediated Leases

According to a recent report, CBRE has played a key role in growing Regus and Spaces’ presence in Romania

Coliving Brand Medici  Living Raises $1.1 Billion
Bisnow reported this week that “ a Berlin-based co-living company has raised €1B ($1.1B) of capital to undertake what it says is the largest-ever investment in the nascent sector, as part of its plan to become ‘the WeWork of co-living.’” The company will use the capital to grow its footprint in capital cities across Europe, hoping to build up a portfolio of 6,000 beds. Medici Living is expected to do another fundraising round in 2019 in the US.

Coworking Brand, The Riveter, Raised $15 Million
Female-focused coworking brand, The Riveter, announced this week that it raised $15 million in a Series A funding round. According to reports, the coworking operator will use the funds to grow its portfolio beyond the US West Coast. The Riveter currently operates 5 locations in the US and hopes to grow to 100 locations by 2022.

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CBRE’s Intermediated Leases for Regus and Spaces
Business Review reported this week that real estate consultant CBRE “has intermediated rental deals for approximately 20,000 mp of coworking workspaces for the Regus and Spaces brands since 2015” in Romania. According to the report CBRE currently has transactions for both workspace brands that range from 10,000 sqm to 15,000 sqm. Regus Spaces’ holding company, International Workplace Group (IWG) is planning to expand the Spaces brand massively in Bucharest and other major cities in Romania.

 

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