KKR and Tivoli Capital, a specialist in real estate development in France and the creator of the iLOV'iT Worklabs co-working space, have signed an agreement for the development of a new generation of office buildings in France’s largest cities. KKR’s investment was made through its Real Estate Partners Europe fund.
The co-working market in France is developing rapidly. The concept, launched in the United States more than 15 years ago and now fully developed in London, Amsterdam, Frankfurt and Madrid, grew by 80 percent between 2016 and 2017 in France, according to JLL’s 2018 global market report. Entrepreneurialism is growing in France, driven by increases in project-based work, working remotely and the importance of work-life balance.
Tivoli Capital aims to develop its platform in this market, following the agreement with KKR. The new generation of offices will focus on having a welcoming working environment and offering various services adapted to the needs of
