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Insur Launches Its Co-Working Business With 1,800m2 Space In Sevilla

17 October 2017 – Eje Prime

Insur is moving into the co-working sector. The Andalucían real estate company has launched an iSspsaces business centre in Sevilla. The building, which has a surface area of 1,800 m2, contains 30 offices, three meeting rooms and one training room with capacity for 80 people. With this move, the group is following in the footsteps of WeWork and Spaces, which have both opened their first centres in Spain in the last month.

This is the first space of its kind in Andalucía, “a place adapted to the new needs of companies that are looking to bring themselves in line with current models of working”, explains the Director of Insur, Alejandro Fernández.

According to Fernández, “the total saving in terms of investment in this business centre compared to a traditional office is 84.7%”. The offices measure 5nm2 each, with space for between one and ten desks.

iSspaces is located in the Edificio Insur, on Avenida de Diego Martínez Barrio 10, in Sevilla, next to some of the city’s strategic transport hubs, such as the San Bernardo metro and train station, several bus stops, the Santa Justa train station and with fast access to the motorways linking with Málaga, Cádiz and Huelva.

The co-working business is entering Spain with a vengeance in 2017, as shown by several investments undertaken in recent months in Barcelona and Madrid. In the Catalan capital in September, the North American multinational WeWork, which specialises in the management of coworking spaces, leased an office building in the 22@ district of Barcelona, thanks to an agreement signed between the real estate developer Grupo Castellví and the real estate funds Stoneweg and 1810 Capital Investments, according to Eje Prime. Moreover, during the same month, the company also signed a lease for another property in Madrid, owned by Colonial, on Paseo de la Castellana.

Similarly, another company in the sector, Spaces, has opened an office measuring 1,500 m2 in the centre of Madrid, on Calle Manzanares, whilst it awaits the opening of its first centre in Barcelona, in the 22@ district.

Original story: Eje Prime

Translation: Carmel Drake