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Berlin startup campus Factory to close main location

February 14, 2024
in Fintech
Reading Time: 2 mins read
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Berlin startup campus Factory to close main location

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Berlin startup campus Manufacturing unit — dwelling to 4,500 members and 150 startups — will shut the most important of its two areas within the metropolis in April. 

Since 2018, the startup campus has been a staple of Berlin’s startup neighborhood, providing workplace and coworking house, startup programmes and occasions throughout two campuses in Berlin and one in Hamburg, which opened in 2021. 

In an e-mail to members despatched yesterday, Manufacturing unit introduced that its major location at Görlitzer Park, a 150,000sq ft house, shall be closing as its lease has not been renewed.

It’s hoping that members will switch to its different location in Berlin Mitte, which is at present present process “main renovations”, Zino Soyka, Manufacturing unit Berlin’s CEO, tells Sifted.

Manufacturing unit was unable to tell tenants any sooner than this week, Soyka provides: “This has been an extended and laboured negotiation that lasted over six months underneath NDA that’s honestly nonetheless not finalised with the constructing homeowners.”

Coworking is out, clubhouse is in

For the previous yr, Manufacturing unit’s unique Berlin campus in Mitte has been closed to members. It reopened to members at first of the month, and might at present accommodate simply 200 of them. Will probably be in a position to home 500 members after renovations. 

The revamped web site could have “a clubhouse design idea the place members can work, community, and get together”, a brand new restaurant and after-hours bar, says Soyka. 

It’s providing a 50% low cost on memberships for current members between April and August to “ease the transition” again to the Mitte location. 

Manufacturing unit informed Sifted no layoffs had been made or are deliberate in mild of the transfer. 

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