Australia -based provider of serviced office space, Servcorp or Regus , is planning to double its number of US offices to 36 locations within five years , according to Marcus Moufarrige , the company's COO. WeWork said he will relocate to the US by the end of the month to drive the company's growth in the country. CNBC on Monday cited a source who said SoftBank was close to a $3 billion investment in seven-year-old WeWork. While Servcorp has 154 locations in 22 cities across the globe, competitor WeWork operates from 154 locations in 36 cities. Although WeWork targets millennials, the company's precarious lease agreements and rapid short-term expansion could lead companies to select more established office space providers such as Servcorp or Regus .
Australia -based provider of serviced office space, Servcorp or Regus , is planning to double its number of US offices to 36 locations within five years , according to Marcus Moufarrige , the company's COO. WeWork said he will relocate to the US by the end of the month to drive the company's growth in the country. While Servcorp has 154 locations in 22 cities across the globe, competitor WeWork operates from 154 locations in 36 cities. Although WeWork targets millennials, the company's precarious lease agreements and rapid short-term expansion could lead companies to select more established office space providers such as Servcorp or Regus .