One of the fastest growing co-working chains has announced its entry into the Czech market. Business Link, hosted by Skanska, will open its first location in Prague in July of this year. At the Visionary office building located in Prague 7, the company will offer around 4,700 sqm of co-working space, including space for approx. 100 people, 159 private offices, and five conference rooms.
“Over the next two years, Business Link will be opening nine new locations with a total area of 30,000-40,000 sqm in cities such as Budapest and Bucharest. With this expansion, we will be the largest Central European network of co-working spaces and private offices for rent. Business Link’s presence in our buildings supports Skanska’s comprehensive business proposition in a number of projects on the CEE market,” said Jarosław Bator, Skanska Business Development Manager and Business Link COO.
“Entering the Prague market is the beginning of the company’s foreign expansion. So far Business Link has been dynamically developing in the Polish market and now has 15 locations operating in the country. Recently, the company opened co-working offices in the Astoria building in Warsaw and in Skanska’s Maraton in Poznań. A new Business Link in the High5ive building will be opening in Krakow very soon,” added Dariusz Żuk, Business Link CEO.
Opening co-working space in Class A office buildings, which have mainly been occupied by global players till now, is an increasingly significant trend. Companies, especially business services centres, are demanding more flexible office spaces in their search for talent and acquisition of innovative start-ups, and require adaptable office setups and reduced real estate costs. Thanks to workplaces such as those provided by Business Link and Visionary, these companies can lease office space ad hoc without the necessity for traditional agreement clauses. The partnership between Skanska and Business Link offers tenants additional creative office spaces that are accessible 24/7 and can be leased on demand with an acceleration and mentoring package if needed. This arrangement also nurtures the growth of small enterprises as well as freelancers with global players being more accessible.
Skanska invested €10 million in Business Link in April 2017. This investment is being deployed over time and subject to the fulfilment of mutually agreed business goals. Skanska is now supporting the expansion of the co-working chain in Central and Eastern Europe, where the company operates as a commercial developer on the region's ten largest markets.
Business Link’s clients include Uber, Brand24 and Groupon.