Germany: Whitel label flexible workspace provider infinitSpace has formed a strategic partnership with CG Elementum, a German commercial real estate developer.
The partnership will facilitate infinitSpace’s nationwide expansion across Germany, with two new flexible workspaces already confirmed. Both buildings are owned by the Gröner Group and are being developed by CG Elementum.
infinitSpace and CG Elementum are to develop a flexible workspace space brand that will deliver “a consistent service across the sites, characterised by its design features, application of cutting-edge technology, focus on community building, and commitment to robust ESG standards”.
The two buildings are located in Konradhaus, Mannheim, which will open in Q2 2023, followed by MI5, Cologne, in the first half of 2024. infinitSpace will oversee the design of the workspaces, installation of technology, manage entry to the market as well as the incoming community and ongoing operation.
infinitSpace’s CEO and co-founder, Wybo Wijnbergen, said: “We’re really excited to collaborate with CG Elementum. Cologne is a city with millions of inhabitants and enormous demand for flexible office solutions, while the Rhine-Neckar region around Mannheim is developing rapidly. The fact that we are working with one of the most innovative real estate developers in Europe in both locations clearly shows how well our solutions are aligned to the current market situation. We will work closely with CG Elementum to create a flexspace brand that reflects both their progressive approach to real estate and CG Elementum’s terrific commitment to ESG-compliant products.”
“The demand for flexible workspace is increasing across Europe, but many landlords have little experience in dealing with communities, tech and flexible terms. We bring this know-how into our partners’ projects. Our approach not only simplifies owners managing their buildings through digital means, seamlessly integrated into their asset via infinitSpace’s bespoke tenant experience app, it also gives all of the occupants access to our technology and offers available on-site. Further, as we will see in this new partnership, flexspace can help landlords achieve their sustainability goals; it’s a more efficient use of real estate which better optimises existing space, while socially, the shared and multifunctional nature of flexible spaces helps build and foster a sense of community,” he added.
Marcus Zischg, CTO/CSO of CG Elementum, said: “The collaboration with proptech and flexible workspace operator infinitSpace creates synergy: infinitSpace’s innovative ideas in the flexible workspace sector and our long-standing expertise in ecological, economical and digital commercial spaces will create flexible workspaces that exceed the expectations of employers and employees equally. This within the context of ESG-compliant real estate in our eco-building product is certainly a combination yet to exist on the market.”
