With the Conservative Party election manifesto promising to “review and reform Entrepreneurs’ Relief”, flexible workspace operators thinking of selling their business would be wise to do so before the relief is either scrapped or altered significantly.
We are delighted to announce that GKRE has won the Broker Deal of the Year award at the Global Coworking UnConference (GCUC) 2019 Awards.
Douglas Green discusses how landlords seeking to profit from the flexible workspace market should enter into joint venture agreement.
As WeWork continues to generate headlines and expand internationally, Will Kinnear, Director at GKRE, makes the case for other factors that are driving the sector’s growth
The flexible workspace sector has quickly become a major driving force behind activity in the commercial office market. Yet despite this the sector lacks a coherent, market accepted, valuation guidance method.
The flexible workspace market in London is increasingly competitive and success will require a focused strategy and deep expertise.
The flexible office market has recorded significant annual growth for over five years, and growing global demand has been met by an ever increasing amount of flexible workspace coming to market. The key to its continued growth will be demand from larger corporates, writes GKRE director Will Kinnear.
Scotland’s flexible workspace sector is expanding fast driven by demand that is growing by at least 25% annually in all major cities. It should come as little surprise that flexible workspace operators are looking to establish bases in Scotland’s major cities.
Current valuation calculations for flexible workspace centres are not fit for purpose and a market accepted valuation model is now needed if the sector is to continue to flourish.
Douglas Green suggests that MLI landlords and the wider sector have a lot to learn from the flexible workspace sector, where landlords and operators alike can profit from a growing industry which promises strong rewards on investment