Flex space operator Industrious announced two acquisitions in a $100 million deal, which add about 1 million sq. ft. of current and pipeline locations in Singapore, Hong Kong, Thailand, France, Belgium, and The Netherlands.
One of the two acquisitions is Singapore-based The Great Room, which has been operating since 2016 as a "hospitality-led premium coworking space operator." It offers larger allocations of space for fast-growing companies or hot-desking environments for entrepreneurs.
The other acquired company is Welkin & Meraki, which also offers premium positioned flex spaces in Europe through five addresses.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
