Topic
Followed by 1.4k people
TOPIC
- The world’s largest operator of serviced offices is taking floors 31 and 32 of Hysan Place which were abandoned by WeWork in April amid dwindling demand
- Agents familiar with the matter said Luxembourg-based IWG will pay less for the space than the HK$70 (US$9) per square foot a month that WeWork paid
WeWork, the US operator of shared work spaces, has given up 182,000 sq ft in Causeway Bay and Tsim Sha Tsui, two of Hong Kong’s prime office districts, according to agents familiar with the matter.
WeWork, the US operator of shared work spaces, has given up 182,000 sq ft in Causeway Bay and Tsim Sha Tsui, two of Hong Kong’s prime office districts, according to agents familiar with the matter.
WeWork had planned to open in Causeway Bay, Tsim Sha Tsui and Kowloon Bay last year, but these have been delayed as it prioritises safety of its operations globally.
WeWork had planned to open in Causeway Bay, Tsim Sha Tsui and Kowloon Bay last year, but these have been delayed as it prioritises safety of its operations globally.
Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.
Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.
WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.
WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.
The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.
The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.
Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.
Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
There have been spectacular successes and breathtaking failures as start-ups change the face of business, making it a challenge for governments to set the rules