Spaces is a provider of flexible office space, meeting rooms, memberships, workstations, a working club, event space and related products and services. Spaces has successfully completed its first phase of concept development, headquarters setup and launch of two fully operational branches on the Herengracht (Amsterdam) and on the Amsterdam Zuidas. Building on the existing platform, Spaces strives for a further roll-out of the concept in the key Dutch cities within the next couple of years.
Spaces aims to contribute to a more enjoyable ‘working life’ by creating more efficient, effective and inspiring work environments. It also encourages networking and social interaction. Spaces allows companies to focus on their core business, while everything else is taken care of. On the ground floor Spaces offers excellent facilities such as the business club, the Spaces Café Deli and various meeting rooms. Spaces has a suitable solution for any entrepreneur or company: from well-known and established companies to mature start-ups and freelancers, and from local ventures to international enterprises. Tenants have the opportunity to create their own personalized environment: their own identity and image. Spaces stands for “meet, work & connect”.
The investment in Spaces allows KRC Capital to benefit from a concept that anticipates on the long needed shift in the serviced offices industry. While commercial real estate typically is a low value-added asset class. Spaces has been able to distinguish itself through increasing the returns by active yield management and creating a brand. The investment fits well into KRC Capital’s philosophy: we strongly believe in the owner-operator model, active asset management and we are positive that Spaces’ innovative concept and multiple income sources business model will significantly drive the value of its portfolio properties.