CG Elementum and infinitSpace expand their cooperation to include the Karlsruhe location
The nationwide real estate company CG Elementum AG, which specialises in digital and sustainable construction, is further expanding its cooperation with, proptech start-up and flexible workspace operator, infinitSpace. The partnership will see the launch of a new flexible workspace brand implemented across CG Elementum’s portfolio. In addition to the previously announced launch of this brand in Cologne and Mannheim, Karlsruhe is the latest location to follow as this partnership expands.
Partnership sealed during MIPIM 2023
This new deal was officiated during the world’s most important real estate trade fair ‘MIPIM 2023’ in Cannes where the CEO of CG Elementum, Ulf Graichen, and the CEO of infinitSpace, Wybo Wijnbergen, signed the corresponding documents in the presence of Christoph Gröner, CEO of Gröner Group and CG Elementum founder.
“We see infinitSpace’s modern concept, tailored to the flexible needs of the market, as a fruitful complement to our own approach to future-oriented real estate. By applying our expertise in implementing ecological, economical and digitally planned commercial spaces, we will exceed the expectations of future users. In particular, our new ecobuilding product will create properties that are not only ESG compliant, but long-lasting,” said Ulf Graichen, CEO of CG Elementum.
Wybo Wijnbergen, CEO and founder of infinitSpace: “We are very pleased about the steadily growing cooperation with CG Elementum. Our latest location, Karlsruhe, has a strong demand for flexible workspace solutions which we look forward to meeting. Working closely together, we want to create a Flexspace brand that significantly carries CG Elementum’s forward-thinking commitment to sustainability.”
infinitSpace is taking over half of the rental space at Fiduciastr. 12 in the Durlach district of Karlsruhe, totalling around 3,000 m². The specialist for flexible workspaces, which deploys expertise in sales, operations and marketing, is implementing its new office space concept there, including a first-class workspace app that has both practical and social features available for all the building’s users.
New office, work and storage space is currently being built at Fiduciastr. 12 and will total of 6,000 m². Beginning in 2022, the approximately 4,000-square-meter property will complement the group’s existing properties at Fiduciastr. 2 to 10, where CG Elementum will develop a mix of residential and commercial uses, such as offices, fitness and retail spaces, and a hotel on approximately 63,000 square meters (net floor area) by 2028.
Since December 2022, CG Elementum and infinitSpace, the successful provider of white-label solutions for flexible office space concepts and customized apps for digital control, have been working together to create new flexible workspaces in Mannheim’s Konradhaus and MI5 in Cologne’s Cologneo Campus. Design of the new workspaces in the Konradhaus and the Karlsruhe will begin this year. Work will then continue in Cologne in 2024.
All buildings are owned by Gröner Group and are being developed by CG Elementum.
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