Flexible office business Knotel will quadruple its presence in London this year, according to its co-founder and chairman Edward Shenderovich.

Knotel London

Knotel London

The New York business has been growing rapidly in the capital and now has 14 locations across the city.

Speaking to Property Week at Mipim, Shenderovich said he was confident that figure will “triple or quadruple” over the course of 2019.

“London is an easy market for us,” he said. “It has one of the largest flexible office markets in the world. People understand what we do, and they understand who our customers are.”

Last month, the business announced it had signed 60,000 sq ft of lettings across six buildings in London since November.

The business’s growth isn’t restricted to London; Shenderovich said the 3m sq ft Knotel has taken since he founded it alongside Amol Sarva three years ago will have doubled by the close of 2019.

To date, Knotel’s rapid development has been thanks to organic growth and acquisitions. In January, it more than doubled its presence in Europe when it bought French flexible office operator Deskeo.

Shenderovich said that while there were more acquisitions for the business in the pipeline, Knotel was capable of hitting 6m sq ft this year organically.

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