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...Knotel is preparing to take out a long-term lease on the wedge-shaped building, one of the people said....
...WeWork itself, along with rivals such as IWG, Knotel, Convene and The Office Group, takes long leases on buildings which it then refurbishes and lets to tenants on all-inclusive contracts for much shorter...
...Former WeWork vice-chair Michael Gross will soon be named the chief executive of flexible office start-up Knotel as the company looks to overhaul its leadership after filing for bankruptcy....
...Knotel is spread across 250 buildings in 15 cities, and counting....
...Knotel’s last reported valuation was $500m following a previous funding round last year....
...This month, Knotel, a New York-based flexible office rival to WeWork founded only three years ago, reached “unicorn” status with a valuation above $1bn following a $400m funding round led by a Kuwaiti state-backed...
...Shared office groups such as Knotel offer moveable furniture, including phone booths and modular walls....
...Rivals in the sector include IWG, Knotel and Blackstone-backed The Office Group. Mike Prew, analyst at Jefferies, said shared office groups had bid up rents in exchange for long rent-free periods....
...(II) WeWork without the ‘bloodbath’ Flexible-office provider Knotel has long toiled in WeWork’s shadow....
...Meet Knotel. Meet Second Home. The latter is facing a cash crunch, surprise! Finally, there are all the people who saw it coming. Remember former SoftBank man Nikesh Arora?...
...advisers (FT) Alibaba postpones up to $15 billion Hong Kong listing amid protests (Reuters + Lex) BlackRock unit gets approval to take Russia-linked firm’s stake in cybersecurity company (WSJ) WeWork rival Knotel...
...Knotel, which has raised $100m from technology and real estate investors, provides flexible offices aimed at mid-sized businesses, with the companies’ own brands — rather than Knotel’s — over the door....
...Unlike WeWork, IWG — which runs the Regus brand — and other competitors such as Knotel, Hana will not lease office spaces from landlords; instead, it will partner with them through joint ventures that incorporate...
...But these deals, and those offered by competitors such as Knotel, are short-term, raising questions over the stability of their sites....
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