Share price of Swiss-based IWG, the world’s biggest provider, has tumbled 50% in 2020
Companies who offer flexible offices could represent 20% of leases in central London by 2030, according to real estate firm CBRE.
“This financing package enables the company to accelerate the path to profitability,” Marcelo Claure, WeWork’s new executive chairman, said in a statement.
Troubled office rental company to lay off 13% of its workforce to try to staunch massive losses – and few believe the cuts will stop there
Flexible working spaces are set to grow by up to 30% every year for the next five years across Europe, according to property firm Jones Lang Lasalle (JLL).
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