First Workplaces lands in Valencia: First coworking space to be 3,230 square meters

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The center will offer from 10 square meters spaces to full corporate plants, with services that will be developed according to the needs of each client.

First Workplaces, owned by Sherpa Capital, has signed an agreement to open its first flexible work center in the Levantine capital. It is a building located at number 3 on Pintor Sorolla Street with an area of ​​3,230 square meters, as confirmed by the company.

Currently, the property, owned by the Fiatc Mutua de Segurod, is being completely renovated both inside and on the facade. The works will allow First Workplaces to offer the latest technologies applied to the real estate sector. The operation has been advised by BNP Paribas for the company and by Cbre for the property.

The center will offer spaces from 10 square meters to full corporate plants for large teams. In addition, services will be installed according to the needs of each client. On the other hand, several meeting rooms, rest areas, a dining area and a terrace on the top floor that will allow the organization of events will also be built.

The General Director of the company, Óscar García Toledo has explained that Valencia has "great potential for development" in the flexible office segment since it has "high business activity and international appeal". In this sense, the BNP Paribas consultancy has explained that the arrival of operators such as First Workplaces shows “the upward trend that the Valencian market is experiencing”.

With the opening of this new center, the coworking company will have nine spaces. Six of its establishments are located in Madrid, while the remaining two are located in Barcelona. In total, the centers total 30,000 square meters.

The company, led by García Toledo, expects to close 2019 with a turnover of six million euros, an increase of 33% compared to 2018. The company's growth plan involves having a portfolio of between 18 and twenty centers in Spain and Portugal in 2021.

On the other hand, First Workplaces also plans to multiply its workforce, from the current 45 to a team of 150 people in the next two years, with the aim of being present in the main Spanish cities.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.