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.