Waterman on track for Melbourne growth strategy with new capital raise

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Melbourne’s leading flexible workspace provider Waterman has launched a $10 million capital raise as it pursues an exciting growth strategy across the city’s suburban ring.

“We have conducted a successful capital raise in the past, and have accrued a wonderful group of investors over several years who share our vision for the future of the workplace,” said Founder and Manager Director, Neville Waterman.

“Waterman is really excited to be conducting a further capital raise from within this existing group.

“This next round will enable us to meet latent demand for Waterman services and propel us towards our growth strategy.”

The announcement follows news that Waterman is set to become the exclusive flexible office space provider at Highpoint Shopping Centre, in Melbourne’s west, in 2023.

“Demand for Waterman’s flexible workspace solutions has been overwhelming during the past 18 months – so much so, that we are opening a new space in Eastland Ringwood early next year, and recently announced another flexible workspace at Highpoint in Melbourne’s west with further sites to be announced,” said Mr Waterman.

“Melbourne is about to emerge from lockdown and businesses – both large and small – are demanding more flexible and local workspaces.

“That’s what we are trying to achieve at Waterman by setting up beautiful and functional flexible workspaces across the city’s suburban ring. So far, we operate centres in Scoresby, Narre Warren and Chadstone.”

Looking forward, at least 12 per cent of all commercial office stock in Australia is expected to be used for flexible workspaces by 2030. The amount of flexible workspace in Australia is expected to grow from the present approximate 250,000m2  to over 3,500,000m2 by 2030.

“The response from the Melbourne business community – companies of all shapes and sizes – has been astonishing and we are really excited about Waterman’s future here in this great city,” said Mr Waterman.

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About Waterman
Waterman is a provider of premium flexible workspaces in Melbourne, Australia.

Waterman opened its first centre in July 2016 and to date provides flexible workspace across four locations, including the award-winning Caribbean Business Park in Scoresby, and Australia’s biggest shopping centre, Chadstone.

Waterman’s mission is to create healthy working environments that support the growth of business. To achieve this objective, the company focuses on building large functional spaces, creating collaborative communities and providing relevant support services to businesses of all sizes.

Media:
Tristan McLindon
Communications Manager, Waterman
E: tristan.mclindon@waterman.com.au
P: 0478 908 300

Eddie Morton
3 Phase Marketing
E: Eddie@3phasemarketing.com.au
P: 0499 700 295