Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home News Business

IWG And The Instant Group Will Merge Digital Assets

This new merger reflects a shift in the workspace industry, which sees landlords trying to recover from the pandemic, while tenants reconsider their office footprint.

Aayat AlibyAayat Ali
March 8, 2022
in Business
Reading Time: 2 mins read
A A
IWG And The Instant Group Will Merge Digital Assets

More stories for you

The U.K. Just Proved Gender Equality Is A Win For All Workers

The U.K. Just Proved Gender Equality Is A Win For All Workers

11 hours ago
India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

20 hours ago
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

21 hours ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

2 days ago

IWG has announced that it will merge its digital assets with The Instant Group in a move that has caused the flexible workspace operator’s shares to spike. 

IWG’s digital assets typically service office space bookings, while The Instant Group focuses on the flexible office market. IWG also owns Spaces and Regus, which cater to both flexible and serviced office space. 

Advertisements
Maximize Flexible Space Revenue

“We are merging our digital business with a company, which is serving the rest of the industry, to achieve a high growth rate and give more focus to the digital platform for the broader industry,” said Mark Dixon, CEO of IWG. 

As pandemic restrictions ease up around the world, this new merger reflects a shift in the workspace industry, which sees landlords making moves to recover and tenants reconsidering their office footprint. 

Many companies have made the commitment to a hybrid work model in the future, allowing employees to split their time between the office and remote working arrangements.  

Advertisements
Workspaces Run Better On UltraSoftBIS

As part of the merger, IWG will invest around £270 million ($353.65 million) to purchase stakes of selling shareholders. At the same time, The Instant Group will invest £50 million ($65.6 million) into the merger that is expected to roll out by the end of 2023 through a listing either in the US or UK. 

In 2021, IWG posted a loss before tax of £259.4 million ($340.49 million) compared to a £613.3 million ($805 million) loss the year prior.

Dixon added that the near-term goal will be to obtain strong profitability this year. 

Advertisements
Subscribe to the Future of Work Newsletter
Source: Reuters
Tags: BusinessCoworkingMergers & Acquisitions
Share6Tweet4Share1
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.

Other Stories Recommended For You

The U.K. Just Proved Gender Equality Is A Win For All Workers
Workforce

The U.K. Just Proved Gender Equality Is A Win For All Workers

bySheya Michaelides
11 hours ago

A new report links gender equality to stronger economies and calls for urgent action where progress has stalled.

Read more
India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

20 hours ago
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

21 hours ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

2 days ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Drive Virtual Office Revenue

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00