CBRE Group, a US-listed real estate services company, has acquired a 35% stake in local co-working space provider Industrious.
CBRE paid about $200m in cash for primary and secondary shares in Industrious and said it would buy another 5% stake in the company in the next few weeks, lifting its stake to 40%.
It is also transferring its own flexible workspace brand, Hana, which operates 10 locations in the US and UK, to Industrious.
Bob Sulentic, CEO of CBRE, told newswire…
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