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IWG Is Reportedly In Talks To Sell Its Canadian Operations

Aayat AlibyAayat Ali
September 10, 2019
in News
Reading Time: 1 min read
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IWG is reportedly considering selling its Canadian operations, including its Regus and Spaces brands.

The operator is in talks with investment banks to sell the rights to open new locations under those brands, with IWG keeping a cut of the revenue.

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Yardi Kube automates flex & coworking operations

The company made a similar transaction with TKP Corporation this year, selling their Japanese business for £320 million and the rights to use its brands across Japan. Currently, IWG has 3 million square feet of office space across 133 locations in Canada.

Just last month, the company said that it is selling its operations and signing franchise agreements in order to capitalize on the growth in demand for flexible offices.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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