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Paul MacAndrew IWG

IWG Opening New Centre at Former WeWork Space in Swire Wanchai Tower

2022/03/28 by Christopher Caillavet Leave a Comment

Flexible office giant IWG is preparing to open its 18th Hong Kong outlet and fifth in a former WeWork location in the city, this time in a newly refurbished building owned by blue-chip developer Swire Properties.

Scheduled to open in… Read More>>

mark dixon iwg

IWG Forms Greater China Flexible Office JV with Hong Kong’s Hysan

2021/08/09 by Christopher Caillavet Leave a Comment

Flexible office provider IWG and retail and office landlord Hysan Development will form a joint venture with the exclusive right to operate all IWG brands in Hong Kong and throughout the Greater Bay Area, the companies announced Monday.

The JV… Read More>>

Paul MacAndrew IWG

Abandoned WeWork Kowloon Location to Open as New IWG Centre

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>>

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>>

Sandeep Mathrani

WeWork Names Former Brookfield Exec as New CEO

2020/02/02 by Michael Cole Leave a Comment

Shared office provider WeWork has found a new chief executive as the financially challenged company takes another step in its struggle for profitability.

Brookfield Properties executive Sandeep Mathrani will join the New York-based firm as CEO on 18 February, according… Read More>>

Christian-Lee WeWork

Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation

2020/01/17 by Michael Cole 1 Comment

Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy up a majority stake in the China operations of troubled flexible office operator Wework, according to a report by Reuters today.

The Singapore government fund and… Read More>>

Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature

2019/12/16 by Mingtiandi Team Leave a Comment

Daito Trust Construction Co., Ltd (“Daito Trust”), a listed construction and real estate company in Japan will invest a US$50 million in JustCo Holdings Pte. Ltd. (“JustCo”). In addition, Daito Trust will invest up to an additional JPY 2.65 billion… Read More>>

Credit Suisse, Citigroup, BOA Abandon Ucommune IPO Amid Valuation Questions

2019/12/15 by James Hatton Leave a Comment

It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but Ucommune’s debut on the New York Stock Exchange is already said to be facing opposition from its own bankers… Read More>>

Mao Daqing Ucommune

Ucommune Said to File for US IPO in Wake of WeWork Debacle

2019/10/29 by Jan Kot Leave a Comment

Mainland co-working operator Ucommune is said to have filed for an initial public offering with the US securities regulator and is targeting a public listing before the end of the year, according to media reports.

The Beijing-based shared office unicorn,… Read More>>

sebastian gunningham

WeWork Formally Cancels IPO as Layoffs, Cost Cuts Loom

2019/10/01 by Michael Cole Leave a Comment

WeWork’s planned IPO won’t work, appears to be the decision of the shared office giant’s new leadership, which announced late Monday that the We Company was withdrawing its application for an initial public offering.

“We have decided to postpone our… Read More>>

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