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Paul Salnikow TEC

KKR and TIGA to Acquire Flexible Office Operator The Executive Centre

Paul Salnikow TEC

2021/06/01 by Christopher Caillavet Leave a Comment

The Executive Centre, a Hong Kong-based provider of upscale flexible office space, will be acquired by US buyout firm KKR and Singapore’s TIGA Investments for an undisclosed amount, realising an exit strategy that so far has eluded better-known rival WeWork.

… Read More>>

The Executive Centre, a Hong Kong-based provider of upscale flexible office space, will be acquired by US buyout firm … Read more>>>

quayside hong kong

IWG Opens in the Quayside in Third Takeover of Hong Kong WeWork Location

quayside hong kong

2021/02/25 by Christopher Caillavet Leave a Comment

For the third time in less than a year, IWG has opened flexible offices under the Signature brand in a Hong Kong space formerly occupied by embattled rival WeWork.

The hat-trick delivers 50,000 square feet (4,645 square metres) of flexible… Read More>>

For the third time in less than a year, IWG has opened flexible offices under the Signature brand in a Hong Kong space … Read more>>>

dominic penaloza

Former WeWork Exec Launches APAC Real Estate Tech Studio

dominic penaloza

2020/11/18 by Elizabeth Kerr Leave a Comment

The real estate sector got a push out of its tech lethargy on 16 November when former WeWork China head of innovation and technology, Dominic Penaloza, unveiled technology development studio REinvent, an incubator catering to the needs of the real… Read More>>

The real estate sector got a push out of its tech lethargy on 16 November when former WeWork China head of innovation … Read more>>>

Paul MacAndrew IWG

Abandoned WeWork Kowloon Location to Open as New IWG Centre

Paul MacAndrew IWG

2020/11/11 by Elizabeth Kerr Leave a Comment

Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible workspace provider, as IWG is set to scoop up more spoils from the near collapse of former co-working giant WeWork.

The Switzerland-based office operator will… Read More>>

Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible … Read more>>>

Michael Jiang WeWork China

WeWork Sells Control of China Business to Trustbridge for $200M

Michael Jiang WeWork China

2020/09/25 by Elizabeth Kerr Leave a Comment

Beleaguered co-working operator WeWork raised some much needed cash on Thursday when it announced that it had sold a $200 million stake in its China division to a consortium led by Shanghai’s Trustbridge Partners.

Trustbridge is taking the lead among… Read More>>

Beleaguered co-working operator WeWork raised some much needed cash on Thursday when it announced that it had sold a … Read more>>>

Mao Daqing

Ucommune Goes for NASDAQ Backdoor Listing at 75% Discount From 2018 Valuation

Mao Daqing

2020/07/09 by Jonathan Burgos Leave a Comment

Ucommune, China’s largest co-working operator has finally gone public, but not through the IPO that it had touted for more than two years, and at a valuation nearly one-quarter of its peak pricing, according to an announcement earlier this week.

… Read More>>

Ucommune, China’s largest co-working operator has finally gone public, but not through the IPO that it had touted for … Read more>>>

WeWork Pottinger

WeWork Gives Up Location in Hong Kong’s Central, City Footprint Cut by 30%

WeWork Pottinger

2020/06/20 by Mingtiandi Team 1 Comment

WeWork continues to struggle in the world’s most expensive office market as Industry sources confirmed to Mingtiandi late this past week that the shared workspace provider has abandoned it fourth location in the city since late last year.

After having… Read More>>

WeWork continues to struggle in the world’s most expensive office market as Industry sources confirmed to Mingtiandi … Read more>>>

Mark Dixon IWG

IWG to Open Causeway Bay Centre as Regus Parent Plunders WeWork Spoils

Mark Dixon IWG

2020/06/03 by James Hatton Leave a Comment

The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power shifts within the flexible office universe.

IWG, which owns Regus and four other flexible office brands, confirmed… Read More>>

The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power … Read more>>>

Abandoned WeWork Centres Put Up for Lease in Kowloon

2020/05/11 by Stephanie Li Leave a Comment

WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its portfolio, according to a person with knowledge of the matter who spoke to Mingtiandi.

Mingtiandi understands that WeWork has surrendered its centre… Read More>>

WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its … Read more>>>

son neumann

SoftBank Abandons $3B WeWork Share Buyout 

son neumann

2020/04/04 by James Hatton Leave a Comment

Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent last month threatening a U-turn on the deal which gave it control of the troubled co-working pioneer.

The Japanese investment… Read More>>

Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent … Read more>>>

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