In The Loop: GCUC 2019, Niche Coworking, And IWG

International Workplace Group (IWG) to sign a master franchise deal with TKP in Japan for £320m

GCUC 2019
GCUC USA took place this past week in Denver. Key topics covered by panelists included wellness, the rise of niche, market saturation, exit plans, and much more. If you weren’t able to attend, Allwork.Space has you covered. Read “GCUC 2019: The 5 Ingredients You Need to Win in Workplace Wellness” and “Is the Coworking Market Saturated?”.

Fulton Commons
Niche coworking spaces continue to pop up  across markets and regions. The latest is Fulton Commons, and initiative from the principals of Botero Development, a local Pittsburgh firm that focuses on mix-use projects. Next Pittsburgh reported this week that Botero Development are “creating a kitchen incubator-artist-studio-coworking space on Pittsburgh’s North Side.” The space is set to open in late August and it will provide food companies with access to commercial kitchen equipment, workspace areas, conference rooms, and more.

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International Workplace Group (IWG) to Franchise all Locations in Japan
Investors Chronicle reported this week that “IWG has announced a £320m deal with Japanese group TKP to sell its buildings and franchise out its brands.” The flexible workspace giant will divest its Japanese operations in order to start a master franchise agreement that will grant TKP exclusive rights to use all of IWG’s brands in Japan.

 

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