WeWork has struck a deal with bondholders and key backer SoftBank on a restructuring plan to cancel or convert to equity about $1.5 billion in debt and extend the maturity date of $1.9 billion in other debt, as the loss-making… Read More>>
Co-Working Operator Flexi to Go Public in $205M SPAC Deal With Tsangs Group
Less than a week after announcing its consolidation of three APAC-focused co-working operators, Flexi Group on Monday revealed plans to go public in the US through a merger with a special purpose acquisition company.
Flexi is combining with NASDAQ-listed TG… Read More>>
Trio of APAC Co-Working Operators Merged as Industry Consolidates
An APAC player is having a go at building a WeWork-style empire, with newcomer Flexi Group announcing its consolidation of three regional operators to create what it bills as Asia Pacific’s largest operator of flexible workspaces.
The startup led by… Read More>>
Making Peace Pay in a Shanghai Work Pod
A Shanghai-based entrepreneur is betting that the people of Shanghai are committed to peace, and that they’re willing to pay for it.
Peace is the name of a new startup from a former head of technology for WeWork in Greater… Read More>>
Hong Kong Office Leasing Rebounds in Q3, Driven by Island East Deals, Flex Space Trend
Office leasing in Hong Kong rebounded in the third quarter, with tenants leasing more space than they vacated during the period, thanks in part to tenants shifting to the Quarry Bay area and continuing demand from flexible workspace operators, according… Read More>>
Swire Tower in Hong Kong Opens as IWG Flexible Office Centre
Flexible office giant IWG this past week announced the opening of a new venue occupying all 18 floors of Swire Properties’ 8 Queen’s Road East in Wan Chai, adding 67,000 square feet (6,224 square metres) of flexible space to Hong… Read More>>
IWG Opening New Centre at Former WeWork Space in Swire Wanchai Tower
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>>
IWG Forms Greater China Flexible Office JV with Hong Kong’s Hysan
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>>
Abandoned WeWork Kowloon Location to Open as New IWG Centre
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
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>>
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