WeWork continues to face significant backlash since it published its S-1 a month ago. Most recently, the coworking giant made the news for cutting its valuation and for rumors that its largest backer, SoftBank Group, is pressing it into postpone the IPO. As if that isn’t enough, Adam Neumann since to be on an arms race to get more private investment as his fortune sinks and the company considers changing its governance. We strongly recommend you read this in-depth Bloomberg article.
Deskpass, a membership platform that provides professionals with as-needed access to a range of coworking spaces, has officially launched in Houston and the Dallas Fort-Worth area. The Chicago-based company has reportedly partnered with 15 coworking spaces in the area, including Novel coworking, TechSpace Houston, and Ranch Office. The platform also partnered with meeting room and training center providers. Professionals can book these spaces by the hour or the day.
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Berlin-based coworking and co-living space operator, rent24, has announced it will be offering franchises to power its growth across the American and European markets. According to the company’s CEO, Robert Bukvić, the company has already agreed to work with about a dozen American and European franchisees. Successful franchise models within the coworking industry already exist and have proven to be successful; some notable examples include Office Evolution, Serendipity Labs, Venture X, and Regus.
Hana, CBRE’s coworking arm, has unveiled its plans to open three coworking locations in London. Two of them, one in St Mary Axe and one in Hammersmith are slated to open by the end of this year. The third location, in St Martin’s Court, will open to the public until early 2021. Hana has reportedly partnered with different landlords and REITs to develop the 3 upcoming locations.
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