Economy. CBRE acquires 35% of Industrious, the provider of flexible workspace, for € 165m

Economy.  CBRE acquires 35% of Industrious, the provider of flexible workspace, for € 165m

Madrid, 23 years old (Europe Press)

CBRE acquired 35% of the capital of Industrious, the US provider of premium solutions for flexible workplaces, for $ 200 million (€ 165 million) in cash and transformed its Hana flexible business platform.

The deal places the multinational real estate consultancy and services firm as Industrious’ largest shareholder, as it has also conveyed its intention to continue increasing its position to 40% in the coming weeks.

In closing the deal, Bob Sollentech, Cbre’s President and CEO and General Manager Global Investments Emma Gianmartino, will join the industrious board of directors, which will also add to the 10 Hana locations located in the United States. And the United Kingdom to more than 100 locations in more than 50 cities in the United States already has it.

CBRE is taking over the deal at a time when 86% of major companies are looking for this type of office to incorporate flexible office spaces into their real estate strategies and 82% prefer to choose buildings that offer components of this type of space.

“Our investment in Industrious reaffirms our vision of how flexible office space plays an increasingly high priority role in corporate occupancy strategies and we have teamed up with an exceptional operator and outstanding leadership team that executes an impressive strategy,” says Bob Sollentech.

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