1000Satellites opened its first Berlin site, Satellit Chaussee, by taking over operations of a 7,000 sqm, six-floor building in Berlin-Mitte rather than leasing part of it. Existing occupiers stay on, including Klarna, whose German HQ has been there since 2019, and payments firm PPRO, who become its users. Managing Director Gregory von Abendroth says the operator, a 2019 spinout from BASF's Chemovator incubator, will expand this building-takeover model after earlier rollouts in Munich and Mannheim.

Operating whole buildings and converting sitting tenants into members is a very different growth motion from signing empty space and hunting for members. Watch it spread as landlords look to activate part-empty offices.