The workspace company behind the Regus brand has sold its Japanese business in a deal that marks the start of a shift towards a new franchise business model.
IWG said that it had struck a partnership with TKP Corporation, under which the Tokyo-listed company had paid £320m in cash for 130 co-working centres.
The deal also involves a long-term franchise agreement, providing TKP with exclusive rights for the use of IWG’s Regus, Spaces and Open Office brands in the country.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
