Coworking Europe reports that IWG is advancing with plans to acquire Design Offices, with the transaction currently under review by Germany’s competition authority.

The deal, if concluded, will add around 50 locations in 15 cities to IWG’s stable of brands and approx 4k locations in 120 countries. In 2024 Design Offices, which was founded in 2019, reported revenues of €142M.

Design Offices, Germany’s largest flexible workspace provider by square footage, has announced plans to expand two of its six Berlin locations in early 2025.

The expansion includes adding two floors to their Leipziger Platz site and developing a new conference center at their Ostbahnhof location, featuring innovative meeting spaces and flexible work areas. The company, which operates nearly 50 locations across 15 German cities, continues to grow its presence in the capital city following their $71 million funding round from 2018.