One of the largest deal in Israel’s co-working market is announced: co-working provider, Mindspace, signs a three-year deal with Microsoft’s R&D Center in Israel. Microsoft will take 3,000 square meters (32,000 square feet) across two floors at Mindspace’s Herzliya location, until the opening of Microsoft’s new campus in 2020. Microsoft employs 1,000 employees at its Herzliya R&D Center and 220 of them are expected to relocate to Mindspace’s co-working space.
As a result of the deal, Mindspace announced that it will double its space in Herzliya and take a third floor of 3,000 square meters in the same building to meet the demand of companies looking to work alongside Microsoft in the new Herzliya location. The expanded location will span 6,000 square meters and accommodate a total of 950 community members from Microsoft, innovation teams from other major enterprises, startups, VCs, and small and medium businesses of various industries. The new third floor will be launched in April 2018, and companies can already register to secure their new offices there upon opening.
The deal with Microsoft is one of the largest deals ever signed in the coworking market in Israel and also worldwide, and it is Mindspace’s largest deal since the company’s inception by Dan Zakai and Yotam Alroy in 2014. Over the pastyear, Mindspace expanded rapidly across the globe and it currently operates 16 locations in Tel Aviv, Herzliya, London, Warsaw, Berlin, Munich and Hamburg – with further expansion to the U.S. planned imminently.
Through a unique and inspiring design, a global community of professionals, and a flexible membership model, Mindspace has become the workplace of choice not only for startups and freelancers, but also for major enterprises, such as Microsoft, Booking.com, Samsung, Barclays Bank, Siemens, Lufthansa, Cheetah Mobile and many more.
“The co-working and shared office space market is undergoing a major shift. What started as a solution for entrepreneurs who wanted a place to work outside their homes and away from coffee shops, has become a working model that is changing the office market. The new era of co-working also fits the needs of large companies and global enterprises that want their teams to think ‘outside the box.’ A growing number of enterprises are moving their innovation and product teams to Mindspace’s offices around the world.” says Dan Zakai, co-founder and CEO of Mindspace. “We are thankful for Microsoft’s vote of confidence in Mindspace and we look forward to welcome Microsoft’s employees at our new Herzliya location.”
Check out a video of the new Mindspace Herzliya:
To secure a tour of Mindspace Herzliya and pre-register for an office on the thirds floor: