CBRE acquired around 35% of Industrious

CBRE acquired around 35% of Industrious

Bob Sulentic, CBRE’s president

This investment increases CBRE position on this segment’s market so as to satisfy its growing demand, a trend which is accelerating due to the Covid-19 pandemic. According to recent surveys carried out by the company, around 86% of the occupants, including many of the world’s most important global companies, plan to incorporate flexible work office spaces in their real estate strategies. Around 82% of respondents favour selecting buildings which offer this type of characteristics.

According to the agreement, Bob Sulentic, CBRE’s president and managing director and Emma Gianmartino, the consultant’s investments’ global director will be part of Industrious' board of directors. Hana, CBRE’s service designed to assist institutional owners meet the demand for flexible work solutions, will also be integrated into the provider.

The 35% CBRE acquired were in the form of primary and secondary shares. The compensation includes approximately 200 million euro in cash and Hana.

«Our investment in Industrious shows our vision on how flexible work places play an increasingly more important role in terms of occupation strategies and has aligned us with an exceptional operator and a type of leadership that is conducting a great strategy», commented Sulentic.

Once the transaction is concluded, Industrious will operate on the 10 locations Hana has in the United States and United Kingdom. CBRE and Industrious will also work together in launch products which will set a new standard for these types of work.

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