{"id":3000042455,"date":"2021-08-09T10:00:04","date_gmt":"2021-08-09T14:00:04","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?post_type=news&#038;p=3000042455"},"modified":"2021-11-16T12:33:29","modified_gmt":"2021-11-16T17:33:29","slug":"wework-and-cushman-wakefield-form-exclusive-strategic-partnership-to-deliver-innovative-flexible-space-operating-platform","status":"publish","type":"news","link":"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-and-cushman-wakefield-form-exclusive-strategic-partnership-to-deliver-innovative-flexible-space-operating-platform","title":{"rendered":"WeWork and Cushman &#038; Wakefield form exclusive strategic partnership to deliver innovative flexible space operating platform"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>NEW YORK, August 09, 2021 &#8211; <\/strong>WeWork, one of the leading global flexible space providers, and Cushman &amp; Wakefield, 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\u2019s management experience platform and on new jointly developed solutions.<\/p>\n\n\n\n<p>The partnership is intended to provide clients with best-in-class office operations by combining WeWork&#8217;s proprietary platform of workplace experience management software and hospitality experience with Cushman &amp; Wakefield\u2019s industry-leading asset and facilities management services. Together, WeWork and Cushman &amp; 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.&nbsp;<\/p>\n\n\n\n<p>In addition, Cushman &amp; Wakefield, WeWork and BowX Acquisition Corp are in discussions regarding a potential transaction where Cushman &amp; Wakefield would provide up to $150,000,000.00 in a non- dilutive backstop equity facility on mutually agreeable terms. &nbsp;<em>(Note: <\/em><em>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.<\/em><em> <\/em><em>The material terms of the partnership are non-binding and subject to finalization of definitive documentation.)<\/em><\/p>\n\n\n\n<p>Sandeep Mathrani, CEO of WeWork, said: \u201cAs Covid-19 has fundamentally changed the way people work, businesses and landlords have had to rethink their approach to workspace.&nbsp; Partnering with Cushman &amp; Wakefield will combine WeWork\u2019s industry-leading workplace experience management platform and hospitality-driven Community teams with Cushman\u2019s 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\u2019s workforce.\u201d<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Executive Chairman &amp; CEO, Brett White, said, \u201cWith flexible workspaces being an important component of the hybrid workplace, we\u2019re 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.\u201d<\/p>\n\n\n\n<p><strong>About WeWork<\/strong><\/p>\n\n\n\n<p>WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, we\u2019ve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring spaces, and unmatched community experiences. Today, we&#8217;re constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and connected. For more information about WeWork, please visit us at<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wework.com%2F&amp;esheet=52433481&amp;newsitemid=20210520006100&amp;lan=en-US&amp;anchor=wework.com&amp;index=1&amp;md5=517b145d811e175694cbc4e6aadf1cfb\"> <\/a><a href=\"http:\/\/www.wework.com\" target=\"_blank\" rel=\"noreferrer noopener\">wework.com<\/a>.<\/p>\n\n\n\n<p><strong>About Cushman &amp; Wakefield<\/strong><\/p>\n\n\n\n<p>Cushman &amp; Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman &amp; Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit<a href=\"https:\/\/www.cushmanwakefield.com\/en\/united-states\" data-type=\"URL\" data-id=\"https:\/\/www.cushmanwakefield.com\/en\/united-states\" target=\"_blank\" rel=\"noreferrer noopener\"> www.cushmanwakefield.com<\/a> or follow<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FCushWake&amp;esheet=52468570&amp;newsitemid=20210729006006&amp;lan=en-US&amp;anchor=%40CushWake&amp;index=2&amp;md5=f1676a1c253d589eb8bdcd66751ad42c\" target=\"_blank\" rel=\"noreferrer noopener\"> @CushWake<\/a> on Twitter.<\/p>\n","protected":false},"author":883,"featured_media":3000042131,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news_tag":[43919,43920,43924],"class_list":["post-3000042455","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WeWork and Cushman &amp; Wakefield form exclusive strategic partnership to deliver innovative flexible space operating platform - WeWork Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-and-cushman-wakefield-form-exclusive-strategic-partnership-to-deliver-innovative-flexible-space-operating-platform\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork and Cushman &amp; Wakefield form exclusive strategic partnership to deliver innovative flexible space operating platform\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, August 09, 2021 &#8211; WeWork, one of the leading global flexible space providers, and Cushman &amp; Wakefield, 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\u2019s management experience platform and on new jointly developed solutions. 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