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Evening Standard
Evening Standard
Business
Simon Hunt

Regus owner IWG to swoop for office bargains after WeWork bankruptcy

WeWork IWG Regus United States Mark Dixon London

A British rival to WeWork today said it was eyeing the bankrupt business’s portfolio for acquisition opportunities after it posted a boost in sales.

London-listed IWG, which operates the Regus and Spaces brands of commercial offices, said it had already acquired some sites from WeWork and was on the lookout to snap up more deals. Today it reported a 10% growth in revenues to £2.2 billion for the first nine months of the year.

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