Coworking brand Mindspace acquires Dutch counterpart ahead of London expansion

Mindspace Ltd., the global operator of coworking space, has acquisition of KleinKantoor to further its expansion into the Netherlands.

KleinKantoor, one of the largest coworking operators in the Netherlands, will now work with Mindspace on its six properties and 15,000 square metres in locations across Amsterdam and Utrecht.

The news comes amid growing expectation that Mindspace is set to announce expansion plans in London. The brand launched in the capital in December 2017, when it opened in Aldgate which boasts a space of 3,054 square metres across two floors.

The KK acquisition will grow Mindspace’s portfolio to 25 locations and over 80,000 square metres of coworking space, establishing the brand as one of the largest providers in the world with a presence in six countries and 12 locations.

Dan Zakai, CEO and co-founder at Mindspace, said: “Amsterdam is one of the highest-barrier-to-entry markets in Europe and a perfect space for us to expand into. The city enjoys strong economic growth and very low vacancy of office space.

“KleinKantoor’s founder, Mr. Emiel Doorgeest, together with RJB Group of Companies, built an extraordinary portfolio of prime located co-working spaces in rare historic buildings.”

“We identified many similarities between Mindspace and KleinKantoor, specifically the uncompromising approach to prime locations, design and level of service. We are excited about our entrance into the Dutch market, and expect a seamless transition and implementation of Mindspace’s operations.”

Emiel Doorgeest, founder at KleinKantoor, added: “Together with Mindspace, we are strengthening our footprint as the Netherland’s leading operator. We are excited to provide our members with an unforgettable co-working experience in our beautiful buildings via the inspiring environment that is so unique to Mindspace. The KleinKantoor team and myself are thrilled to join Mindspace”.

Dentons Boekel N.V Meitar Liquornik Geva Leshem Tal advised Mindspace on the deal. Ken Watanabe from Van der Kroef advised KleinKantoor on the deal.