Your floor, operated — your yield, secured.

Convert a vacant, underperforming, or hard-to-lease floor into a fully branded White Spaces branch. We fund the fit-out, run the operations, and share the upside.

800 – 3,000 m²
Typical floor size
5+ yrs
Partnership horizon
12 wks
From sign-off to open
90%+
Avg. branch occupancy

Three ways to partner.

Pick the structure that fits the asset, your risk appetite, and your time horizon.

Master lease

Predictable rent, zero ops risk

We sign a long-term lease for the floor at a fixed escalator. You're the landlord — we're the tenant.

  • Locked rent for 7–10 years
  • Full security deposit
  • We fund 100% of fit-out
  • You return to a fitted-out asset at end

Revenue share

No base rent, pure partnership

We take operational control and you take a fixed share of revenue. Aligned interests, no fixed minimums.

  • No base rent obligation
  • % of monthly gross revenue
  • We fund fit-out, branding, marketing
  • Quarterly P&L reporting

What we bring.

The full operating stack — funded by us.

You don't have to hire an operator, source a designer, or build a sales pipeline. We've done it five times already.

  • Design, fit-out & furnishings (capex)
  • IT, security & access systems
  • Reception, hospitality & cleaning
  • Member sales & community team
  • Brand, marketing & digital presence
  • Compliance, licensing & VAT
  • Monthly performance reporting

What we look for.

Not every floor is a fit. These are usually the strongest matches.

Grade-A locations

Riyadh, Jeddah, Al Khobar, Madinah, NEOM. Towers near major business districts.

800 – 3,000 m²

A full floor or two contiguous floors is ideal. Awkward layouts welcome — we design around them.

Strong infrastructure

Reliable HVAC, fiber-ready, parking. Or we'll budget the upgrade as part of the deal.

Vacant or near-vacant

Easier to start clean. Buildings with high vacancy or recent tenant exits are often perfect.

Owner-aligned

Partners who want a real branded operation in their building, not a generic sublet.

Patient capital

5+ year horizons. Coworking compounds slowly the first 12 months, then accelerates.

From conversation to open doors.

Site visit

We walk the floor, look at infrastructure, understand the building's positioning.

Feasibility

Within 3 weeks: layout concept, revenue model, recommended partnership structure.

Sign & build

Agreement signed, fit-out begins. We project-manage end-to-end.

Open

Branded, marketed, staffed. Members move in. You start seeing the upside.

"We had two empty floors for 18 months. White Spaces walked us through a management agreement, opened in 10 weeks, and stabilised at 87% occupancy in the first year."
— Asset manager · Riyadh family office

Tell us about the building.

A senior member of our real estate team will reply within one business day.

Questions, answered.

Who funds the fit-out?

In all three models, we fund 100% of design, fit-out, and furniture. You get a fitted-out asset that increases the building's value, with zero capex from your side.

What's the typical commitment?

5–10 years. Shorter commitments are possible for revenue-share structures with smaller floors.

How do you decide if my floor is a fit?

We look at location, building grade, floor plate, infrastructure, and the broader catchment. Within three weeks of a site visit, you get a yes-no with reasoning.

Can we keep our building's branding?

The building keeps its name. The branch is branded White Spaces — that's how members find it and that's how the model works. The two co-exist comfortably.

What if it underperforms?

In master lease, you keep the rent regardless. In MA / rev-share, we share the downside too — and we have a proven track record of getting branches to stabilised within 12 months.

Bring us the building.

One conversation. Three weeks to a structured proposal.