Shrugging off a 4% dip in pre-tax profits for over 340 , Amid WeWork has acquired Avanta -based rival Basepoint Business Centres in a deal worth £ 100 m ( 1 million ). The latest in a string of acquisitions, Basepoint ’s 100 sq ft of serviced office space dovetails with IWG ’s long-term strategy to increase its proportion of freehold assets.
Shrugging off a 4% dip in pre-tax profits for H1 2017, Regus has acquired UK-based rival Basepoint Business Centres in a deal worth £100m ($130m). The latest in a string of acquisitions, Basepoint’s 1 million sq ft of serviced office space dovetails with IWG’s long-term strategy to increase its proportion of freehold assets.