In The Loop: WeWork, Salaryo, Iconic Offices, And Hana

WeWork announced this week that it had acquired New York-based rival, Spacious

WeWork Acquires Spacious
Coworking giant, WeWork, announced this week that acquired rival Spacious. Spacious is a New York-based coworking company that turns restaurants into coworking spaces. The company  was co-founded in 2016 in the hopes of revitalizing under-utilized urban spaces. WeWork’s chief product offices, Chris Hill stated that ““Spacious’s team and real estate and operational expertise will help enable WeWork to continue to give our members access to the work space they want, when they need it.”

Salaryo Raises $5.5 Million
Fintech startup, Salaryo Inc. raised $5.5 million. The investment was led by Michal Ullmann and Ruby Ventures and the company will use the funds to expand its services to over 20 US cities, including Austin, Washington  DC, and Denver. Yair Levy, co-founder and CEO of Salaryo stated that, “Salaryo’s latest round of funding is a vote of confidence for the shared workspace industry and will enable us to remove the biggest concern for our customers – cash flow – so that they can focus on growing their business.”

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Iconic Offices’ €500,000 Investment
Dublin-based flexible workspace operator, Iconic Offices, has invested more than €500,000 in building a cafe and restaurant at one of its Dublin workspace locations. The investment signals a move beyond offering a place to work and a shift towards a more hospitality-focused approach. Iconic Offices opened Vandal Cafe and Restaurant at the Masonry, which offers breakfast, lunch, and brunch and might offer evening meals in the future. Previously, Iconic Offices had partnered with other companies in order to provide food services within its workspace locations.

CBRE’s Hana Officially Launches in Dallas
CBRE’s coworking arm, Hana, officially opened its first location in Dallas. The space, dubbed Hana PwC Tower at Park District boasts 67,000 square feet of space. The company is expected to open more locations in the United States and the United Kingdom as soon as this year.

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