(Bloomberg) -- IWG Plc, the serviced-office company that operates the Regus brand, has hired an adviser to sell its Spaces unit in an attempt to lure a buyer that wants to take on WeWork Cos., peop...
IWG has reportedly hired Eastdil Secured to sell its Spaces brand, in a bid to find a buyer that wants to take on WeWork, according to Bloomberg. The company is looking for an investor who can help it expand into the San Francisco market, where there are more than 100 companies with spaces and offices under their belts. In November, CEO Mark Dixon said the company would review what to do with Spaces if the evaluation concluded that Spaces was worth more as a separate business. Both IWG and Eastdil declined to comment on the news.