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Transactions - FEBRUARY 23, 2021

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CBRE Group acquires 35% interest in Industrious

by Released

CBRE Group has acquired a 35 percent interest in Industrious, a flexible workspace firm, and is now Industrious’ largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake. CBRE acquired its 35 percent ownership in Industrious in the form of primary and secondary shares. The consideration includes approximately $200 million in cash and the transfer of Hana, CBRE’s flexible workspace platform.

The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the COVID-19 pandemic. Recent CBRE surveys show 86 percent of its occupier clients, which include many of the world’s largest global corporations, plan to incorporate flex office space in their real estate strategies, and 82 percent will favor buildings

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