The alliance creates the world’s largest and most robust data platform for the flexible workspace industry.
The locations were singled out for closure because they didn’t meet the company’s design criteria, were obsolete, or were in a market with oversupply.
The Flexi Group is expected to be headquartered in Kuala Lumpur and led by Chris Edwards, who previously served as The Hive’s COO.
WeWork’s occupancy hit 72% in Q2, the highest it’s been since the pandemic began and matching the company’s pre-pandemic levels in late 2019.
The merger makes the combined platform the leading aggregator for flexible workspace, extending access to coworking on a global scale.
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.
New Lab at the former Xerox Tower is the fifth for the national operator in its headquarters state of New York.
The Instant Group’s newly enhanced marketplace will serve over 250K businesses in 175 countries, operating 24/7 through an integrated platform.
The India-based coworking company is planning on doubling its portfolio by adding over 60,000 seats to its spaces in 2022.