IWG agrees to sell Swiss assets in latest franchise deal

Mark Dixon

Co-working and workspace group IWG has agreed a deal with the J Safra Group and the P Peress Group on a strategic partnership in Switzerland.

As part of IWG’s new franchise model, the group will sell its interests in Switzerland for CHF120m (£80.8m) to a vehicle jointly owned by Safra and Peress. The firms will then enter into an exclusive master franchise agreement with IWG.

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