Member Article

London's booming coworking space scene has a new entrant from Europe

With London’s coworking space buoyant at the moment, more and more operators are looking to move into the market to take advantage of the booming demand for flexible square footage, shorter leases and individual desks.

Now the likes of WeWork, Workspace Group and British Land will be vying with a new competitor for the continent after Mindspace, a European provider of coworking spaces with a presence in 13 countries, announced it would be opening its first facility in the UK this December.

Located in the FinTech hotspot of Whitechapel, the new location will be spread across two floors, encompassing over 30,000 sq ft with enough room for 700 members targeted across global enterprises, SMEs, tech startups and entrepreneurs.

The space itself is housed within the Relay Building directly above Aldgate East tube station and, much like the 13 spaces it currently operates in cities including Berlin, Hamburg, Tel Aviv and Warsaw, will be designed to reflect the ‘ambiance of the local community’.

Dan Zakai, who co-founded Mindspace with Yotam Alroy in 2014 and who is also chief executive, said, “We’re excited to announce the arrival of our first co-working space in London, the most advanced market for coworking in Europe.

“Mindspace solves for an unmet need of many London-based businesses for a cosmopolitan, high-end, and generous coworking offering.

“At Mindspace London, companies and community members will get everything they need to grow their business and keep their teams happy, at the highest possible quality, from a caring team of Community Managers, and without being asked to pay extra for every little thing.”

BDG Sparkes Porter handled leasing for Mindspace in the Relay Building deal while Fladgate LLP, handled legal affairs for the coworking firm.