Immofinanz Enters the Romanian Co-working Space Market

co-working space market

Property investor Immofinanz officially entered the co-working space market in Romania.

The Eastern European country is a dynamic tech hub and a growing economy. After the pandemic, the government increased incentives and arrangements for digital nomads and remote workers

Now, Immofinanz decided to enter into the flexible workplace market. The company launched the first mycowork space in Bucarest. The space is part of the myhive flexible office S-Park building, covering 465 sqm.

Immofinanz has been investing in the Romanian market for over 18 years. The company’s properties in the country reached the book value of €777.7 million – 15.4% of the company’s total revenue. So, Immofinanz decided to expand into the co-working space market to follow a global trend.

Members can rent the space for at least one month, accessing numerous facilities. For example, subscribers have full access to kitchen and lounge areas. And they can work in flexible individual workspaces or attend a meeting in different conference rooms. In addition, the mydesk version includes the option of renting a single office while myroom addresses teams.

In Romania, Immofinanz plans to expand its portfolio entering the co-working space market. Further, it will implement myoffice component to welcome companies with at least 20 employees.

The co-working space market remains a valuable option for real estate companies and workspace operators, even with fewer restrictions.

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