CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

WeWork and Cushman & Wakefield sign exclusive strategic partnership agreement

09/08/2021
WeWork and Cushman & Wakefield will work to unlock opportunities to provide landlords and businesses with the ability to create a differentiated workplace experience for tenants and employees

NEW YORK--(BUSINESS WIRE)-- WeWork, one of the leading global flexible space providers, and Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced they have entered into an exclusive strategic partnership to market both landlords and businesses on WeWork’s management experience platform and on new jointly developed solutions.
 
The partnership is intended to provide clients with best-in-class office operations by combining WeWork's proprietary platform of workplace experience management software and hospitality experience with Cushman & Wakefield’s industry-leading asset and facilities management services. Together, WeWork and Cushman & Wakefield will work to unlock opportunities to provide landlords and businesses with the ability to create a differentiated workplace experience for tenants and employees in the new hybrid world of work where flexibility remains at the forefront.

In addition, Cushman & Wakefield, WeWork and BowX Acquisition Corp are in discussions regarding a potential transaction where Cushman & Wakefield would provide up to $150,000,000.00 in a non-dilutive backstop equity facility on mutually agreeable terms. (Note: The Facility would be subject to required approvals and the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The material terms of the partnership are non-binding and subject to finalization of definitive documentation.)

Sandeep Mathrani, CEO of WeWork, said: “As Covid-19 has fundamentally changed the way people work, businesses and landlords have had to rethink their approach to workspace. Partnering with Cushman & Wakefield will combine WeWork’s industry-leading workplace experience management platform and hospitality-driven Community teams with Cushman’s world class global client and property portfolio to create a solution that helps both landlords and businesses meet the demand for flexible workplaces to fit the changing needs of today’s workforce.”

Cushman & Wakefield Executive Chairman & CEO, Brett White, said, “With flexible workspaces being an important component of the hybrid workplace, we’re excited to partner with WeWork to demonstrate how global occupiers and investors will benefit from the power of two global leaders providing unmatched accessibility to flexible offerings, best-in-class technology and a seamless tenant experience.”


MEDIA CONTACT

Jenny Pizarro
Jenny Pizarro

International Partner, Head of Business Development Services, Spain, Portugal & Italy • Barcelona

RECENT NEWS

Physical Fashion Retailing Lives On
IRO opens its first shop in Barcelona and leases premises in Paseo de Gracia

IRO increases its presence in the Spanish market. The Parisian company specialising in fashion is raising the shutters on its first shop in Barcelona. IRO will be located at number 100 on one of the city's main shopping streets, Paseo de Gracia. 

20/05/2021

2020 Q1 Sweden Office Snapshot 750x456
Back to offices with the end of the state of emergency? Offices could remain only 30 per cent occupied until after the summer

After the lifting of the state of exception on 9 May, offices will continue to be occupied at 20% or 30%, as at present, and it will not be until after the summer that companies will order a generalised return. It will then be when the great structural change in the sector will begin with flexibility policies that did not exist before.

19/04/2021

flexible workspace
Flexible Workspace Report

The office market slows down due to the coronavirus pandemic but will reemerge in suburban areas.

19/11/2020

Related insights

10 key learnings (image)
Research • Workplace

10 Key Learnings and What They Mean for Real Estate

It’s likely a fool’s errand to try to wrap all the complexities, shifts, challenges and surprises of 2020 into a meaningful summary. However, throughout the year, our team did uncover and analyze major trends and key learnings that emerged for the real estate industry.
Kevin Thorpe • 02/03/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS