News Article Budapest CBRE coworking Czech Republic GTC Hungary IWG JLL office Prague Spaces
by Property Forum | Office

JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.

Two new locations in Prague
“In the case of flexible spaces, the most important factor is the location and range of services in the neighbourhood. In addition to the most popular Prague 1, where Spaces will open its first branch soon, Prague 5 and 8 are also very attractive thanks to the excellent accessibility and range of services in the area. Therefore, opening new branches in this part of the city is a logical choice,” said Marta Kadlecová from JLL Tenant Representation department.
After Romania and Poland, the Czech Republic is now the third country within the CEE region where Spaces will open its branch. More than 3,000 office centres are now operating in 120 countries worldwide making it the world's largest operator of this kind of service.
"Thanks to opening new premises in the Nile House and SmíchOFF, altogether, Spaces will offer 4 centres in Prague. Together with Albatros and Parkview branches, Spaces will offer 15,000 square meters to all those looking for an inspiring work environment. We confirm the market leader position not only worldwide, but also within the Czech Republic and we will continue to expand. Thanks to the enormous interest in shared offices and coworking, at least one flexible workspace centre from the IWG Group opens on average every day somewhere in the world. Over the past few years, we have successfully built a network of nearly 3,500 centres for the use of our client," said Karel Pelán, Country Manager IWG for Czech and Slovak Republic.
In 2019, JLL expects a 67% increase in the number of flexible offices in Prague compared to the previous year.
First location in Hungary
IWG has selected Budapest’s GTC White House to host the first Spaces co-working office in Hungary. In mid-March 2019, IWG Hungary signed a lease agreement for 3,500 sqm in the LEED Platinum certified office building. Completed in June 2018, the 21,500 sqm landmark building on Váci út office corridor is now fully leased. Spaces will be rolled out at GTC White House in Q4 2019. CBRE acted as adviser to the deal.
“Spaces is a creative work environment with a unique entrepreneurial spirit. Our dynamic workspaces help you think, create and collaborate, while our team makes sure you feel welcome. What really makes Spaces unique is the community we have worked to cultivate – full of forward thinkers, innovators, and game changers who love what they do,“ commented Spaces’ co-founder and Managing Director Martijn Roordink.
Nikoletta Ispánki, Country Manager at IWG added: “In recent years, hundreds of Spaces’ offices around the world have been designed to provide our customers with an ideal, flexible, and personalized office environment that delivers an inspiring atmosphere, comfort and community strength. As a LEED Platinum certified GTC White House tenant, we are convinced that the Spaces brand will continue to grow.”