Posted on June 20, 2018

Founder and CEO of WorkSpace Commerce (WSC), Panny Lawrence, looks ahead to global expansion plans as the company celebrates record growth of 88%; with a specific Qatar strategy. As the co-working sector continues to thrive, WSC is on track to becoming a leading player, with its strategy of 30 new builds around the world in the next five to seven years.

By the end of 2018, WSC will have an additional eight buildings open, as part of its rapid expansion plans. The WSC team, which has increased by 120% since launch, is currently in talks with leading property developers in India, Canada, China and Qatar. Founder and CEO, Panny Lawrence, sees an opportunity where co-working can play an integral role in cultivating and sustaining the entrepreneur network in Qatar and the wider GCC region.

Panny Lawrence comments: “Many feel that co-working spaces are very limited or homogenous, focusing on start-ups, rather than the broader demographic of the employment, freelance and business travel sector. Often, the real entry barriers of doing business here are still unattended. Co-working spaces that want to win need to provide much more than just a nice table, chair and free coffee. In fact, this mirrors key trends from the global co-working movement itself. WSC is addressing this gap in the market in Qatar with modern and unique co-working, offering both intelligent and attractive solutions to the perfect work – life balance.  Facilities powered by the WSC brand offer a high level of service differentiators and customer enhancing experiences, all resonating with the local culture and market.”

The entrepreneurial and start-up sector is experiencing massive growth within the Middle East. According to the Global Entrepreneurship Index 2017, the UAE is ranked number 19 globally and number two regionally. It has the largest start-up market in the MENA region, which is fuelled by the country’s dedication to innovation and entrepreneurship. Globally, a huge 65% of co-working spaces are planning to expand this year to meet the continued demand.

WSC currently has properties in London and Shanghai. Each co-working space is individually and creatively designed, in convenient and accessible locations. This includes The Hale in trendy North London, Fitspace in China’s cosmopolitan Shanghai and East London’s Areaworks, which is the newest property offering. Strong financial partners are required to assist in the growth of the WSC portfolio, to acquire more buildings, with a favourable blend of property leases and ownership available. With co-working considered the fastest growing subsector of the property market, WSC will be offering investors low entry but high yield investment opportunities.

The WSC team have a combined 50 years plus of experience in co-working, property, shared office management. With international offices in London and Shanghai, WSC has its own in-house design and construction team, project managers and a global sales network.