Property News · August 9, 2021

Hysan Development, IWG form flexible office joint venture as Hong Kong landlord eyes Greater Bay Area market


Hysan Development is expanding into the shared-office market in the Greater Bay Area through a joint venture with IWG, the world’s largest flexible workspace operator, as it seeks to cash in on the growing trend of remote working arrangements by companies who are looking to contain costs.The joint venture will acquire and operate IWG’s 32 existing locations and brands across the Greater Bay Area, Hysan said on Monday, without disclosing its investment in the venture.Sixteen of these shared…

Source : South China Morning Post
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