WeWork, Cushman & Wakefield to form $150 million Flex Workspace Partnership
Shared office space giant WeWork and Cushman & Wakefield PLC, one of the world’s largest commercial real-estate firms, are negotiating to form a $150 million partnership to navigate the new world of remote working and flexible workplaces. As part of the alliance, Cushman would make a $150 million investment in the planned merger between WeWork and a public company later this year. That merger, expected to value WeWork at $9 billion including debt, will cap off the firm’s effort to reconstruct its balance sheet following the high-profile collapse of its planned initial public offering in late 2019.
Tags : Realty Spotlight Cushman & Wakefield WeWork commercial real estate partnership Remote Working Flex Workspace flexible workplaces