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Regus Acquires Several Large Business Center Companies

Regus is on a new acquisitions binge. The company announced the purchase of GWA Member Corporate Office Centers (36 locations) and Regent Business Centers (13 locations). Additionally, CoStar Group, a UK Real Estate Information Company, reported in December that Regus had made a cash offer for the UK’s second largest serviced office group, MWB Business Exchange. Regus had withdrawn a bid for MWB a year and a half ago.  MWB, which has 62 locations, accepted the current offer for its 75% stake in the group and joint administrators at Deloitte now have eight weeks to market the opportunity to other buyers before the deal is completed.

Richard Meyers, Executive Director of Global Workspace Association commented: “There is some good and bad to an influx of capital coming into the industry via Regus. It shows that investors view the workspace-as-a-service industry as a viable growth segment, and for independent operators, it provides an opportunity to cash out.  But consolidation provides fewer opportunities for suppliers.”

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