Decent Work & Economic Growth
Areaworks is a successful flexible workspace provider with three operating properties in the UK's capital city of London. Areaworks is 100% owned by NAO Group a commercial property developer striving to be at the forefront of the rapidly evolving coworking and shared office space market. Always ahead of the curve, the group’s strategy has consistently been Zone 2 outwards in London and regional/ tier 2 cities in the UK. Using the group’s senior management team’s solid operational intelligence and drawing upon their vast experience in the property and flexible office space sectors, the next stage of growth will focus on an own-and operate model. The group’s strategy is to scale-up and purchase freehold and leasehold properties with an initial roll-out to take place across the UK.
Fixed Coupon: 7.25% p.a., paid bi-annually
Term: 5 years
Status: Senior secured