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The combination of Venture X and Office Evolution establishes the largest privately-owned global franchisor in the coworking industry.
This financing is expected to occur alongside the merger of Selina and special purpose acquisition company BOA, taking the coworking firm public.
The size of the new center is an indication of the company’s optimism on the next wave of growth from tier II cities like Gujarat in India.
The new location is part of the mixed-use development, Dairy Block, in the heart of LoDo, the home of unique hotels, popular shops, restaurants, and cultural attractions.
The merger makes the combined platform the leading aggregator for flexible workspace, extending access to coworking on a global scale.
Leading property developer, Chinachem Group, and the Hive, a flexible workspace operator, welcome a new partnership in central Hong Kong.
Due to growing demand for the hybrid work model in a post-pandemic environment, the London-listed company will open 1,000 new spaces in 2022.
Venture X has hired United Franchise Group veteran Michael White to help the company capitalize on the escalating trend in coworking.
In its financial results for 2021’s fourth quarter and fiscal year, WeWork reported a loss that widened to over $4.4 billion.
New Lab at the former Xerox Tower is the fifth for the national operator in its headquarters state of New York.