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IWG Is Reportedly In Talks To Sell Its Canadian Operations

IWG is reportedly considering selling its Canadian operations, including its Regus and Spaces brands. Click To Tweet

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.

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.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of 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. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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