rent24 merges with Friendsfactory

rent24 will obtain the majority ownership of the Friendsfactory AG, founded in 2004, and will there-by become one of the largest workspace and coworking providers in Europe. More than 100 new sites will emerge by 2019.

Berlin, 02 October 2017: Boasting a total current office space of roughly 50,000 square metres, the merge of rent24 and Friendsfactory lets them rank as one of Europe’s largest workspace and coworking providers in one fell swoop. ‘We analysed the market and are successful with our con-cept even beyond Germany’s borders,’ explains Robert Bukvic, founder and CEO of rent24 GmbH. ‘You need a good mix of conventional workspace and open space, comprising modern design and creative people – that is exactly what we can optimally present together with Friendsfactory.’

By the end of 2017, there will be 25 sites in Germany and Europe and more than 100 new spaces will be added by 2019. ‘The Friendsfactory team surrounding Gregor Gebhardt impressed us as an established player. The members’ own DNA can flourish within his concept, which optimally ex-pands our concept.’ At Friendsfactory, the space is rented and can be designed and furnished ac-cording to one’s own preferences. Gregor Gebhardt, CEO of Friendsfactory AG, adds, ‘With our offer, we have been setting ourselves apart from the competition for years now. Together with rent24, we can implement the idea of a modern office world and set new standards.’ In addition to single offices and flexible workplace solutions, rent24’s portfolio also includes coliving spaces.

Investment of more than EUR 150 million planned

Together with Friendsfactory AG, rent24 plans to invest more than EUR 150 million into their ex-pansion across the next five years. ‘Our distinctive feature is not only the design, the flexibility or the community. It is especially the additional services, too, that can be easily and flexibly made use of,’ explains Bukvic. Apart from coworking spaces, the two companies will also share all in-house and general services in the future. These include, among others, all-inclusive contracts and services such as community events, support in establishing a business, creative services as well as financial assistance and investment strategies for start-ups. ‘Our strategy is focused on growth. We want to expand our community, increase the positive effects of workspaces and coworking and raise these to a new level,’ says Gebhardt.