Landlords are responding with a variety of strategies. Major property companies and investors are increasingly backing co-working office ventures, as the valuation of new firms specialising in that market increases. Brookfield Asset Management and private equity group International Workplace Group are in talks to buy The Office Group , formerly Regus , which offers co-working space alongside more traditional office lets, and is valued at £ 3.5bn ($ 3.5bn ). Private equity company Blackstone Group bought British co-working firm International Workplace Group last year , valuing it at £ 2.48bn m. The continuing success of start-up WeWork is also driving many landlords to negotiate deals to lease space to the company.
Major property companies and investors are increasingly backing co-working office ventures, as the valuation of new firms specialising in that market increases. Brookfield Asset Management and private equity group International Workplace Group are in talks to buy The Office Group , formerly Regus , which offers co-working space alongside more traditional office lets, and is valued at £ 3.5bn ($ 3.5bn ). Private equity company Blackstone Group bought British co-working firm International Workplace Group last year , valuing it at £ 2.48bn m. The continuing success of start-up WeWork is also driving many landlords to negotiate deals to lease space to the company.