Congrats to the teams and communities at Workland Offices!

Workland, a full-service office and coworking space operator, is launching a bond offering this week. The company plans to borrow €2.5M in several tranches. The first tranche of €1.5M will be with a term of two years and with an annual interest rate of 10.5%. Further tranches are planned for the year 2025, based on further capital needs.

The company plans to use the capital to develop new locations and enhance existing spaces, building on their current portfolio of 14 properties across Latvia, Lithuania, and Estonia.

Workland Offices is opening their sixth coworking center in Tallinn in September.

Tobias Kremkau shares some thoughts from local mayor Marco Beckendorf about why their municipality operates 3 coworking spaces in a 220.2km² area with 4,200 inhabitants.

_ "Coworking spaces in municipal hands are important, especially in rural areas, in order to lead the way as a municipality and show that it is possible. It creates a positive mood when you initiate projects and thus revive fallow office space in the village and pull up the shutters again in shops that have been vacant for a long time." (sic, translated)_

Congrats Indrek Hääl and team!