Investors can now put money into co-working development real estate through a new investment product called OurSpace.
The product enables investors to invest in a limited partnership agreement in the development of co-working spaces globally. Destinations include Marbella, Miami and Dubai and plans are afoot for a further 50 gateway cities world-wide in the next 3-5 years that will service 50,000 members.
This is according to head of sales at Coastal Property Sales and Letting, Jason Paans, who said that the investment starts at $25,000 (approximately R333,000) with fixed annual returns from 10.25%-13.25% and a buy-back guarantee of 120% of the initial purchase after five years.
Paans said this new concept provides offshore property investment opportunities and offers higher returns than what you can even expect in the Cape Town property market currently.
According to Coastal Property, co-working as a ‘megatrend’ in office real estate, has doubled year-on-year since 2006. Paans said the only other operator that offers such a product is New York based WeWork, which is valued at over $16 billion.
There is huge demand for this type of shared office space from start-ups and Blue Chip companies alike, said Paans.
“Think of it as being able to offer your clients the best address with trendy and highly functional office spaces in the latest designs and with the latest technology and facilities on hand, including aspects such as a coffee bar, yoga and spa, parking and more, all at a fraction of the costs.”