Wojo proceeds to Madrid and raises its bet in Barcelona

Wojo proceeds to Madrid and raises its bet in Barcelona

The French company started its activity in the Spanish market with the opening of its centre in 22@ and is expected to negotiate new openings in the country during this year. Its first centre with 8.300 sqm spread across six floors, it whas companies such as Blink, Softonic and Pentasia as tenants and one hundred workers on its premises, which represents an occupancy rate of around 10% according to EjePrime.

The French company owned by Bouyges and Accor is tracking the Madrid market in order to install its first flagship centre in the city and are looking with particular interest at the city centre and neigbourhoods such as Chamartín, Salamanca and Atocha. The company’s flagship centres should have a minimum of 5.000 sqm, but for its Madrid centre, the company expects the opening of an asset with the same dimensions as the one in Barcelona.

In the Catalan capital, the company is also seeking a second space and as such it is tracking the city centre. «Many local companies are happy with their current spaces and it is hard for them to move to other areas such as the 22@”, sustained Lebeau. By the end of the year, the company expects to have signed its second centre in Barcelona and its first in Madrid.

Wojo is also considering entering other large Spanish cities such as Seville, Bilbao, Valencia and Palma de Mallorca, where the centre could be a flagship or integrated into one of the hotels owned by Accor, owner of Wojo along with French developer Bouyges.

The centre’s refurbishment works started in September, but the setbacks caused by the pandemic, it was impossible to start its marketing practically until its opening. At the moment, the building has two un-refurbished floors waiting for big companies to fully occupy them.

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