French real estate investment trust Foncière des Régions has launched Wellio, its new flexible spaces brand seeking to cater to changing company requirements and organization methods.
Wellio's offerings will include co-working spaces, dedicated offices and office suites, event spaces and innovative meeting rooms. The spaces will be in Foncière des Régions' new or renovated buildings in major European cities, spanning surface areas of 2,000 to 6,000 square meters.
In a release, the REIT described the new brand as an "alliance between its hotel and working environment expertise," adding that by 2022, Wellio will offer its customers roughly 70,000 square meters across so-called pro-working spaces. A pro-working space is broadly defined as a typical serviced office setup with the added element of hotel hospitality.
In a recent earnings call, deputy general manager Olivier Estève said the REIT aims to more than double its number of office assets that offer co-working space.
