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masa son softbank

SoftBank Throws WeWork $1.5B Lifeline After Stock Slides 90% Since Listing

2023/03/20 by Christopher Caillavet Leave a Comment

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>>

Patrick Tsang

Co-Working Operator Flexi to Go Public in $205M SPAC Deal With Tsangs Group

2022/12/07 by Christopher Caillavet Leave a Comment

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>>

Chris Edwards Flexigroup

Trio of APAC Co-Working Operators Merged as Industry Consolidates

2022/11/29 by Christopher Caillavet Leave a Comment

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>>

Peace CEO Dominic Penaloza

Making Peace Pay in a Shanghai Work Pod

2022/11/28 by Beatrice Laforga Leave a Comment

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>>

john siu cushman

Hong Kong Office Leasing Rebounds in Q3, Driven by Island East Deals, Flex Space Trend

2022/10/11 by Christopher Caillavet Leave a Comment

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>>

Paul MacAndrew IWG

Swire Tower in Hong Kong Opens as IWG Flexible Office Centre

2022/09/04 by Pawara Laothamatas Leave a Comment

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>>

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>>

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