Knotel, the international coworking network, sets to enter the Russian market in partnership with Invest AG, which manages the investments of Alexander Abramov and Alexander Frolov, the shareholders of the Evraz Group.
As Vedomosti newspaper reported on Tuesday, Invest AG intends to invest in Russian market leaders, so that they can be subsequently bought out by Knotel. The latter is going to enter the Russian market within a year or two.
Established two years ago by entrepreneurs from the United States, Knotel owns more than sixty offices, the total area of which amount to about 92,000 square meters. These commercial property items are located in such major cities as New York, San Francisco, London, and Berlin.