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Inc & Co brand incspaces Announces €1.5M Investment in Barcelona Office with European Expansion Plans & Global Pivot
incspaces, a leading provider of flexible workspaces, which is part of Inc & Co Group, announced global expansion plans, which will see new locations in key markets across Europe, the USA, Middle East, and Asia.
The decision to refocus the company’s efforts on new markets is pivotal, given the UK flexible office market has become saturated with office space providers in recent years.
LONDON, April 26, 2024 /PRNewswire/ — New sites in Barcelona and Dublin are set to open this quarter, the latter opening next month, and already has 95% pre-let occupancy. Both buildings will become the first of many to be based outside of the UK, strengthening the incspaces footprint in key European markets.
Jack Mason, Group CEO of Inc & Co, added, “We’re investing €1.5M into our two new European buildings, which is the start of a strategic realignment for incspaces, positioning the company to capitalise on new opportunities and build a strong international presence. We are dedicated to supporting our clients’ growth and success through flexible, high-quality work environments wherever business takes them.”
As part of the incspaces global expansion, the decision was also reached to revitalise its leadership team, bringing on board executives with extensive international expertise to drive growth and ensure a seamless transition into these new markets. Further announcements will be made in the coming months.
The expansion into additional markets will see incspaces not renew its London leases that are due for renewal and instead refocus its efforts on additional sites in Bangkok and Amsterdam, which are already in advanced discussions. The new two locations will benefit from a €1.5M investment into the fit-out before launch.
incspaces also recently launched Infinity Office in the U.K., aimed at start-ups and entrepreneurs who don’t want the commitment of an office space but want to drop in casually, have mail redirected and meet or attend events. The new service launched in April and has already seen enormous interest from start-ups in Manchester.
About incspaces
incspaces is a global office provider with locations throughout the UK, Spain and Ireland. Focusing on unique, collaborative, carbon-neutral spaces, they offer a mix of flexible, dedicated offices, co-working & event spaces that inspire entrepreneurs and business owners to create their best work.
To learn more about incspaces, visit: incspaces.com
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
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