In The Loop: CBRE’s Hana, WeWork China, And Switchyards Coworking

Coworking is in high demand in Atlanta, or so it appears to be as local coworking space operator, Switchyard, has reached full capacity and created a waitlist for those hoping to join

Hana Set to Open in the Northeastern USA

The Inquirer reported this week that CBRE is partnering with the owner of the 1818 Market Street office tower to open a two-floor coworking space in the high-rise Philly building. The new Hana location is expected to open during the last quarter of 2020 and it will be the first coworking location of the brand in the Northeastern USA. CUrrently, CBRE Hana locations are open in Dallas and London, with several planned in Irvine, CA and Arlington, VA. The Philadelphia coworking space location will be operated in a venture with Shorenstein  Properties. 

Temasek and Trustbridge Target Majority Stake in WeWork China 

In an exclusive article, Reuters reported that Temasek Holdings and Trustbridge Partners have held talks with WeWork China to increase their stake in the China brand of the coworking company. According to reports, the plan values WeWork Chine at around $1 billion and it was submitted to WeWork’s major stakeholder, SoftBank Group. Temaesk and Trustbride “want to buy more shares to give them combined majority stake in WeWork China.” As it currently stands, WeWork owns 59% of WeWork China. 

The Latest News
Delivered To Your Inbox

Switchyards Coworking in Atlanta Is Full

The AJC reported this week that local coworking space operator, Switchyards, is full. According to the reports, “a blue button on the top of Switchyard’s homepage reads ‘join the waitlist.’” The coworking space has been open since 2016 and the brand confirmed that it has reached full capacity on its social media. A recent post from this week read “there are 0 Switchyards memberships left. As a result, we have moved to a waitlist for future memberships. You will  no longer be able to just ‘join’. 

For more flexible workspace news, visit Allwork.Space’s Daily Digest!

Share this article