23 October 2017 – Expansión
The real estate group Colonial made its debut in a new segment of the market on Friday with the purchase of a shared office firm Utopic_Us, which has its headquarters in Madrid. According to the company, “co-working and flexible spaces constitute a segment on the rise and offer new services to customers”.
As well as acquiring the company, for an amount that has not been disclosed, Colonial has agreed to inject capital for the development of a growth plan. Utopic_Us, which was founded in 2010 by Rafa de Ramón, has three co-working spaces in Madrid and plans to open a centre in Barcelona soon.
Original story: Expansión
Translation: Carmel Drake