Reading Time: 2 minutesUK: Grosvenor Britain & Ireland has announced its entry into the flexible working market with a new London property: 25 EP.
Reading Time: 2 minutesUK: Workspace provider Kitt has raised $5 million (£3.6 million) in seed funding, taking its total amount raised to $7.5 million.
Reading Time: < 1 minuteUS: WeWork’s losses almost quadrupled to $2.1 billion in Q1 2021, as it continued to lose members and restructured its property portfolio.
Reading Time: 3 minutesUK: Flexible workspace provider x+why has added two London locations, in Bloomsbury and Spitalfields.
Reading Time: < 1 minuteUS: Location ventures is planning a coliving and coworking development with a GDV of $56 million on a Miami site it has acquired for $20 million.
Reading Time: < 1 minuteUK: Workspace provider IWG recorded a double-digit drop in open centre revenue in the Q1 2021, but experienced “unprecedented demand” for its flexible work products.
Reading Time: 2 minutesUS: WeWork is set to list on the stock market via a purchase by the publicly traded BowX Acquisition Corp.
Reading Time: < 1 minuteUS: CBRE has become the majority shareholder of New York coworking company Industrious, buying a 35 per cent stake in a $200 million (£142 million) deal.
Reading Time: 2 minutesUS/UK: JLL and GoSpace AI, a provider of workplace and occupancy management artificial intelligence (AI) software, are joining forces “to transform how occupancy is supported in the post-pandemic, hybrid workplace”.
Reading Time: 2 minutesUS: Several properties and companies linked to Quarters, the coliving brand of Berlin-based Medici Living Group, have filed for Chapter 7 bankruptcy.
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