US Flexible Working Space Startup Knotel Opens Three New Offices In London

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Last Friday, Knotel, a flexible working office space provider that is based in the United States of America, has announced that it has signed three new central London properties into its portfolio. The announcement comes as it strives to take advantage of Brexit in cementing its expansion in the United Kingdom.

The new offices will include a 7,480 square feet space across two floors on Great Titchfield Street in Oxford Circus, an 8,395 square feet floor on Tottenham Court Road, and a 9,051 square feet of space across three floors at 300 St John Street in Clerkenwell.

The chief executive and co-founder of Knotel, Amol Sarva, stated: “Brexit, and all of the uncertainty it unleashed, was HRH’s engraved invitation for innovation in the London marketplace, and innovation is exactly what we are delivering.”

He added: “As we continue to expand to more prime locations in central London, we will offer our European customers a flexible office-space solution, so they can focus on building their business, not on dealing with real estate.”

There are also some more locations in London that are in the pipeline for Knotel. The deals are set to close before the end of the year.

The move comes after the acquisition of Knotel of Ahoy!Berlin, a German workspace operator, in June earlier this year, as well as 42floors, a blockchain-based real estate engine.

The startup is considered as the second largest owner of office space in New York after Regus. It has raised a total of $100 million (£75.5 million) in funding since it was launched in 2016 from backers which included Newmark Knight Frank, a property specialist.

The spaces of the company now house clients such as The Body Shop, Microsoft, and Netflix.