The world’s biggest serviced offices group is considering selling large parts of its business as it faces stiffer competition and new accounting rules.
IWG, best known for its Regus workspace brand, has instructed Rothschild, the investment bank, to advise on the possible sale of operations in its international portfolio of 3,306 sites.
Mark Dixon, the group’s chief executive, said: “This is a very exciting sector and there’s lots of interest in it and so . . . there will be more corporate activity in this year and next year.”
