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Flex Office Giant Bets Big On The Massive Asset Class You’ve Never Heard Of
News

Flex Office Giant Bets Big On The Massive Asset Class You’ve Never Heard Of

... Instant, owned by flex office giant IWG, manages 5M SF of such ... pandemic. “Companies want smaller, more efficient portfolios.” IWG paid £270M for an 80% stake in Instant ... ET: A previous version of this story said IWG paid £270M for The Instant Group. It paid ...

Jul 08, 2024
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UK Government Opens The Way To Permanent Work-From-Home
News

UK Government Opens The Way To Permanent Work-From-Home

... led to innovative deals. Earlier this month, IWG confirmed to Bisnow that a deal has ... create flexible working hubs around the UK. IWG said a deal has been agreed, but ... is likely to resemble that agreed between IWG and Standard Chartered, which allows the bank ...

Apr 27, 2021
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This Man Wants To Operate 30,000 Serviced Offices And You Could Be A Partner
News

This Man Wants To Operate 30,000 Serviced Offices And You Could Be A Partner

... positioned ourselves to drive the expansion of our networks,” IWG CEO UK Richard Morris said. “We have a strong ... ’s about convenience and flexibility converging across major economies.” IWG currently operates in 110 countries and has aggressive growth plans ...

Aug 28, 2019
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This Week's Philadelphia Deal Sheet
News

This Week's Philadelphia Deal Sheet

... development at the site since the 1940s. PARTNERSHIPS IWG signed a management partnership agreement with SkyREM to operate ... St. is the largest of eight forthcoming coworking spaces IWG announced across Pennsylvania. The remaining seven, totaling 54K ...

Jul 26, 2023
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Global Occupier Pivot To Hybrid Working Gathers Momentum
News

Global Occupier Pivot To Hybrid Working Gathers Momentum

... operator has agreed with flex workspace giant IWG that its worldwide office network will be ... able to make use of IWG locations.  The deal will impact more than ... locations could be involved. In both cases IWG’s move to provide on-site coronavirus ...

Mar 09, 2021
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One Of The World’s Biggest Banks Explains Why It’s Moving To A Hybrid Work Model
News

One Of The World’s Biggest Banks Explains Why It’s Moving To A Hybrid Work Model

... option through 2023.  In a conversation with IWG Chief Executive Mark Dixon, Kapilashrami said ... sensitive information are as well-protected at IWG locations as they would be at ... when people use the offices in the IWG remote network and gauging the impact on ...

Mar 03, 2021
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'It’s A 100-Year Storm' — The World’s Biggest Workspace Operator On Why Offices Have Changed Forever
News

'It’s A 100-Year Storm' — The World’s Biggest Workspace Operator On Why Offices Have Changed Forever

... badly during lockdowns.  The proposition wasn’t entirely wrong, and IWG posted a first half operating loss of £91M from revenue ... desire not to commute, he said most of the locations IWG has closed had been underperforming, older offices in central business ...

Feb 14, 2021
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As A Brutal Year Ends, 4 Flexible Office Companies Hit The Rocks
News

As A Brutal Year Ends, 4 Flexible Office Companies Hit The Rocks

... to hit the wall.  In the UK, IWG is moving to take control of a major ... in the U.S., Canada and UK.  IWG has bought into the £278M of debt taken ... restructure, including selling some of its freehold assets.  IWG raised £320M of equity earlier this year in ...

Dec 21, 2020
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1441 L Street Rendering  Rooftop
News

JLL Sues D.C. Landlord For Stiffing It Out Of $781K Commission On Coworking Lease

... the Uline Arena in NoMa. The coworking brand, operated by IWG, has additional D.C. area locations in Alexandria, Arlington, ... , and Google Maps describes it as "Permanently Closed." An IWG spokesperson confirmed the location has closed.  The lawsuit doesn't ...

Dec 18, 2020
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Regus Loses Appeal In Case Over $90M Lease In Building Owned By Vornado, Trump
News

Regus Loses Appeal In Case Over $90M Lease In Building Owned By Vornado, Trump

... latest in a years-long legal struggle between Regus parent IWG-PLC and Vornado. The decision came Tuesday from the  ... terminate the lease on Sept. 26. Like many coworking providers, IWG suffered financially during the height of the pandemic, with multiple ...

Feb 02, 2023
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