InfinitSpace, a creator of white-label flexible workspaces, is partnering with German commercial real estate developer CG Elementum on multiple sites across the country.
The new partnership will facilitate infinitSpace’s 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, with whom InfinitSpace has also entered into a strategic partnership.
InfinitSpace and CG Elementum are to develop a flexible workspace space brand characterised by its design features, application of cutting-edge technology, focus on community building, and commitment to 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 new flexible workspaces, installation of technology, manage entry to the market as well as the incoming community and ongoing operation. It will also implement an app for users.
InfinitSpace was launched by former WeWork MD of Europe, Wybo Wijnbergen, and his brother, serial tech entrepreneur, Wilco Wijnbergen. The company has already created and operates multiple flexible workspaces in London under the brand 'beyond'.
Said Wybo Wijnbergen: '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.'
Marcus Zischg, CTO/CSO of CG Elementum, added: '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.'
