Agartha Real Estate acquires majority shareholding in OneCoWork.

This transaction continues to consolidate the strategy of both companies for territorial expansion with premium flexible workspaces.

Madrid, July 24, 2024. - Agartha Real Estate (ARE) has become the majority shareholder of OneCoWork (OCW), leading provider of premium flexible workspaces in Barcelona, following the purchase of the shares of SUM Capital, a holding company led by Benjamin Nachoom, founder and CEO of OneCoWork. With this transaction, the real estate company - also owner of Impact Hub Madrid, with presence in Madrid, Barcelona, Malaga and Lisbon - continues to consolidate its position as a leading investor in the flexible workspace industry.

The acquisition of a majority stake in OneCoWork will enable synergies and expansion opportunities for both entities. Thus, the investor ARE expands its portfolio of coworking assets with the expertise of the premium operator in Barcelona, while the acquired operator will be able to access a wider network of resources and potentially expand its presence to new locations.

“With this addition of OneCoWork to our portfolio, we strengthen our vision of growth by creating inspiring and innovative premium workspaces that offer all the solutions clients need to develop their businesses and reach 25,000 m2 of flexible spaces in 2024 operated in the Iberian Peninsula,” said Ricardo Castellanos García, CEO of Agartha Real Estate.

OneCoWork Plaça Catalunya

Benjamin Nachoom, until now owner and remaining CEO of OCW, noted that “Agartha's trust to our team is a demonstration of how much they believe in our experience and knowledge of the flexible workspace market. This transaction will allow us to continue to grow in other regions, taking advantage of ARE's territorial expertise, as well as its managerial and financial strength”.

With this strategic move, Agartha is now the main majority partner of OneCoWork and Impact Hub, thus operating in different segments of the flexible office sector. The companies will continue to operate as fully independent businesses, with their own teams, decision-making processes, branding and management.

ARE was advised by KPMG and AFI Consultores for the negotiation and analysis of the transaction, as well as Broseta Abogados for the legal aspects. RCD Legal acted on behalf of SUM Capital.

OneCoWork Portal de l'Àngel

Agartha Real State (ARE) was established in Spain in 2018 and specializes in the search, acquisition, renovation and management of coworking assets located in major cities in Spain and Portugal. It currently manages a portfolio of 12 coworking spaces (10 fully operational, and 2 under construction in Barcelona and Lisbon), of which 5 are owned by ARE. ARE's expertise covers all aspects of coworking space management, from facility maintenance to user experience management and community engagement in dynamic and productive coworking spaces.

OneCoWork (OCW) was founded in 2016 and boasts three locations in Barcelona and one in Preston (United Kingdom). OneCoWork's mission is to inspire people to want to be in the office every day, through wonderfully designed and optimally functional workspaces and a strong focus on creating active and vibrant communities. OneCoWork currently caters to businesses of all sizes from individual entrepreneurs, small teams, digital nomads, and large domestic and multinational enterprises, and has counted among its clients over the years many household names such as N26, Bumble, TravelPerk and others.

Contact info:

Nathalie Alvaray, Agartha Real Estate communications manager - [email protected]

Gabriela Nascimento, communications manager at OneCoWork - [email protected]

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