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πŸ‡ΈπŸ‡¬ Lendlease partners with Singaporean firm
Lendlease has formed a partnership with Singapore-based coworking operator The Great Room to convert Expand πŸ‘‡ two floors (2,356 square meters) of its One O’Connell Street building in Sydney into flexible workspace.
ICYMI: The Great Room, which was acquired by Industrious in 2022, entered the Australian market earlier this year at 85 Castlereagh Street and has achieved over 70% occupancy within its first few months. The expansion comes as Sydney’s CBD sees increasing demand for flexible workspace solutions, with The Great Room planning to focus on further Sydney expansion before considering other Australian cities.
πŸ‡ͺπŸ‡Έ Spanish coworking firm sells majority stake in expansion bid
Monday Working Spaces, a Spanish coworking operator with 12 locations across Spain, Portugal, and Expand πŸ‘‡ Andorra, has been acquired by an Andorran private equity firm in a deal valuing the company at €30 million.
The company, previously controlled by real estate firm Urbania, aims to double its footprint in the coming years while retaining CEO Xavi Bassons. The operator currently manages 31.7l sqm of space accommodating 4,300 people across its locations in Barcelona, Madrid, Malaga, Andorra, and Lisbon.
πŸ†• Chicago brand expands to downtown Pittsburgh location
Workbox has announced its expansion to Pittsburgh with a new location on the 31st floor of One PPG Expand πŸ‘‡ Place in the city’s downtown area.
The company’s CEO John Wallace cited Pittsburgh’s collaborative business community and strong professional services industry as key factors in choosing the location. The new space, set to open in January 2025, will aim to provide local entrepreneurs and businesses with access to Workbox’s coworking community.
πŸ‡«πŸ‡· US brand closes last 3 locations in France
Industrious has announced that they’ve closed their last 3 locations in Paris, France and dissolved Expand πŸ‘‡ their French entity quoting over saturation of the market and difficulties maintaining sufficient profitability.
πŸ‡¬πŸ‡§ London operator to open Leeds workspace in 2025
x+why has announced its expansion to Leeds with a new location in Bridgewater Place, featuring Expand πŸ‘‡ nearly 34k sqft of workspace and extensive amenities including a 5k sqft roof terrace and 150-capacity event space.

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