Go Forth And Prosper: Iconic Offices Seeks Partner To Aid In European Expansion Plans
Co-working company Iconic Offices has announced plans to raise equity for its expansion plans into mainland Europe.
It is hoped the new partner will allow the company to complete a five-year growth plan which aims to expand the company’s office space by more than 500K SF.
The Dublin-based company is projecting an increase of 7,000 workstations and about 100 jobs in the expansion, with most of the jobs based in Ireland.
Iconic has appointed Deloitte Ireland to source its new capital partner.
Founded in 2013, the firm has achieved annual growth of more than 100% year on year.
Last year Iconic achieved a 500% increase in gross earnings within six months of the draw-down of a €4M debt facility.
This resulted in the doubling of its Dublin workforce to more than 50 staff as well as rise in workstations to more than 2,000.
Further expansion will see the firm's portfolio grow by a minimum of 1,000 workstations over the next year.
Iconic is currently operating in 14 locations in Dublin.