The new Premier location will expand the coworking brand’s Irvine footprint to more than 233,000 square feet across 10 locations.
Designed by architects at Hassell, Hub Martin Place aims to redefine the workspace experience for the next-generation of professionals.
In an effort to cut costs and remediate its underperforming locations, WeWork announced plans for headcount reductions of 300 roles globally.
Offering more than 450 workstations, Mindspace Downtown Miami will occupy three full floors at the 30-story Class A office building.
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.