Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / IWG exploring sale and lease-back office deals

IWG exploring sale and lease-back office deals

Mon, 20 Apr 2020 | COMMERCIAL PROPERTY

Flexible workspace provider IWG Plc is exploring the possibility of selling and leasing back its office spaces, as it looks to raise between £200m and £250m to ease the impact of coronavirus.

IWG (international Workplace Group) owns brands including Regus, Spaces, HQ, Signature by Regus, Basepoint, Openoffice and BizDojo, among others. It has 367 UK locations, along with many others in North America, EMEA and Asia Pacific.

The company is reportedly considering selling and then leasing back more than 10 of its UK office buildings, with chartered surveyor Doherty Baines said to be advising IWG on the move.

Regus has reportedly been recently criticised by several of its small business tenants, who say the company has attempted to tie them to longer leases in exchanges for temporary reductions in the rent on office spaces that they cannot use.

Regus chief executive officer Mark Dixon has said that tenants have been made fair offers. Regus has also been served with a statutory demand by a consulting firm for withholding its deposit, which is worth two months’ rent. Dixon has denied that the payment is late.

According to its most recent accounts, from the year ending December 31 2018, Regus Group Ltd has total current assets worth £351 million.

The coronavirus pandemic has had a particular impact on the office space sector, with IWG's shares reportedly down two-thirds from the start of the year, as of the beginning of April.



One of the best ways to find properties below market price is to look at recent administrations.


Share this article



Latest Businesses for Sale

Specialist Recruitment Solutions For Financial Sectors
London, UK

Established over 30 years. Specialises in the provision of candidates for a range of permanent and temporary business support and executive assistant positions.

Asking Price: Offers Invited
Turnover: £3,100,000

LEASEHOLD


RIBA Chartered Architecture Practice
South East, UK

Offers a wide range of services, including architecture, project management, building defect investigations and surveying to clients throughout South East England and the Midlands.

Asking Price: Offers Invited
Turnover: £1,800,000

LEASEHOLD


National Will Writing & Probate Service Provider
UK Wide

Specialises in the provision of flexible and reliable will writing, probate and estate management services, working with clients to provide tailored solutions, ensuring high levels of client satisfaction. Enviable client base that comprises long-stan...

Asking Price: Offers Invited
Turnover: £823,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Apr
 

Topshop flagship store up for sale | COMMERCIAL PROPERTY

Topshop's flagship Oxford Street store in London is dra...

 
09
 
Apr
 

Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY

The former Washington base of international car parts manufa...

 
08
 
Apr
 

Decorating contractor targets acquisitions after MBO | MBO/MBI

Scottish commercial decorating contractor Bell Group has com...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.