In The Loop: Knotel Drama, IWG Franchises and World-Class Workspaces

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Amol Sarva, ex-CEO of Knotel, reportedly slammed Knotel’s new owner, Newmark, for hiring WeWork executives in his place, the Commercial Observer reported this week. According to the report, “in an email sent on Friday night, Sarva criticized investor Newmark for pushing for the bankruptcy process, using it to take over Knotel, then naming former WeWork executive Michael Gross as his replacement.”   IWG hopes to Open 150 Franchises  

IWG hopes to develop up to 150 franchised centers  across Australia and New Zealand, according to a recent report. According to a statement from Mark Bhardwaj, who leads partnership growth for Australia and New Zealand, IWG expects to open 30 flexible workspace locations in New Zealand over the next four years through franchise agreements. He further noted that “all numbers are for locations outside the core CBD areas in both countries.”   For more flexible workspace news, visit our Daily Digest section! 

Premier Workspaces announced this week that it plans to add more than 100 new flexible workspace locations over the next few years, adding around two million square feet of space to its existing portfolio. The growth will be made possible with backing from Premier’s multi-billion dollar real estate holding company investor The Bascom Group, LLC. The new locations will be a mix of new buildouts and management agreements, as well as acquisitions of distressed locations, according to the release.   Share this article

Premier Workspaces Plans to Add 100 Shared Workspace Locations 
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