Knotel continues London expansion
Six new lease agreements since November 2018 include properties in Baker Street, Hatton Garden and Newman Street
London 20 February 2019: Flexible office provider, Knotel, has signed six new lease agreements covering almost 60.000 sq. feet in properties across central London since November last year.
The new London office agreements include a 7.5k sq. feet space at 27 Baker Street, signed in January and 20.2 sq. feet across three floors at 87-91 Newman Street. Knotel has also taken 13.4k sq. feet at 8 Kean Street, 5.4k sq. feet at 1-2 Berners Street and 11.5 sq. feet of the Johnson Building in Hatton Garden.
These acquisitions are part of Knotel’s continued expansion into the UK and European markets, combined with the announcement of a move into the French market via the strategic acquisition of a majority stake in Deskeo last month. This brings Knotel’s total footprint to more than 2.5 million sq. feet globally.
Amol Sarva, co-founder and CEO of Knotel said: “Our continuing strong and rapid growth shows there is still a major demand for flexible office space, particularly from businesses looking to expand without dauntingly long lease agreements. Our business model has seen us grow faster than anyone else in the industry and London remains a strategically important region for us. We have big plans 2019, not only in the UK, but across Europe and beyond.”
Since its launch in 2016, Knotel has raised $160 million in funding. It is backed by investors such as the commercial brokerage Newmark Knight Frank, Bloomberg Beta, and Norwest - the latter known for backing other success stories such as Opendoor, Uber, Spotify and Jet.