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🏢 CBRE and Hines launch West House in Toronto
Brendan Sullivan of CBRE highlights West House, a new coworking lounge at 66 Bathurst in Toronto, Expand 👇 tailored for hybrid teams.
The space is in a Hines-built building.
Brendan Sullivan of CBRE highlights West House, a new coworking lounge at 66 Bathurst in Toronto, Expand 👇 tailored for hybrid teams.
The space is in a Hines-built building.
👋 New prez at Industrious
Gentry Long steps into the role of President at Industrious as Anna Levine moves into a new role Expand 👇 within CBRE.
Gentry Long steps into the role of President at Industrious as Anna Levine moves into a new role Expand 👇 within CBRE.
🇮🇳 JustCo announces expansion into India
JustCo announced plans to expand into India as the country’s flexible workspace sector accounted for Expand 👇 approximately 22% of total office leasing activity in Q1 2024 according to CBRE research.
India’s flexible workspace stock reached over 72M sq ft across its top nine cities including Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune as of H1 2024. Michael Sim, Head of India & Australia, attributes growth to India’s talent pool, rapid urbanization, hybrid work models, and corporate demand for real estate agility.
JustCo announced plans to expand into India as the country’s flexible workspace sector accounted for Expand 👇 approximately 22% of total office leasing activity in Q1 2024 according to CBRE research.
India’s flexible workspace stock reached over 72M sq ft across its top nine cities including Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune as of H1 2024. Michael Sim, Head of India & Australia, attributes growth to India’s talent pool, rapid urbanization, hybrid work models, and corporate demand for real estate agility.
🏢 CBRE acquires Pearce Services for $1.2 billion cash
Jamie Hodari shares a 90-second primer on why CBRE Group have acquired infrastructure maintenance Expand 👇 firm Pearce Services from New Mountain Capital for approximately $1.2B in cash with a potential earn-out of up to $115M. The deal expands CBRE’s technical services portfolio across telecom, energy, and electric vehicle charging infrastructure sectors.
Pearce Services will integrate into CBRE’s Building Operations & Experience unit, that Jamie now leads, and is expected to immediately boost CBRE’s core earnings.
Jamie Hodari shares a 90-second primer on why CBRE Group have acquired infrastructure maintenance Expand 👇 firm Pearce Services from New Mountain Capital for approximately $1.2B in cash with a potential earn-out of up to $115M. The deal expands CBRE’s technical services portfolio across telecom, energy, and electric vehicle charging infrastructure sectors.
Pearce Services will integrate into CBRE’s Building Operations & Experience unit, that Jamie now leads, and is expected to immediately boost CBRE’s core earnings.
🇬🇧 Legacy UK flex brokerage up for sale?
Jon Seal from technologywithin summarized Green Street’s (infuriatingly email-gated) report that Expand 👇 UK-based flex workspace brokerage Officio has engaged consultancy firm Deloitte to float a potential sale for the firm.
The news has not been confirmed by either parties, and we dislike sharing any form of gated content, but it does point to consolidation trends in the industry as it matures. Also makes us wonder what ripples this will cause across Rubberdesk, Instant/Worka, Office Freedom, Hubble/Yardi and the likes of C&W, CBRE, JLL who are all diving deep into flex.
Jon Seal from technologywithin summarized Green Street’s (infuriatingly email-gated) report that Expand 👇 UK-based flex workspace brokerage Officio has engaged consultancy firm Deloitte to float a potential sale for the firm.
The news has not been confirmed by either parties, and we dislike sharing any form of gated content, but it does point to consolidation trends in the industry as it matures. Also makes us wonder what ripples this will cause across Rubberdesk, Instant/Worka, Office Freedom, Hubble/Yardi and the likes of C&W, CBRE, JLL who are all diving deep into flex.
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