Add-on Acquisition • Real Estate

Industrious Acquires The Great Room

On May 10, 2022, Industrious acquired real estate company The Great Room

Acquisition Context
  • This is Industrious’ 3rd transaction in the Real Estate sector.
  • This is Industrious’ 1st transaction in Singapore.

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M&A Deal Summary

Date May 10, 2022
Target The Great Room
Sector Real Estate
Buyer(s) Industrious
Deal Type Add-on Acquisition

Target Company

The Great Room

Singapore, Singapore
The Great Room is a hospitality-led premium coworking space operator that offers flexible office solutions and can cater to unique specifications – whether for a fast-growing company in need of an entire floor, or a dynamic entrepreneur on the lookout for a hot-desking environment. Members have the flexibility of dedicated, hot, and virtual offices, as well as day passes, with a suite of supporting services. The Great Room was formed in 2016 and is based in Singapore.
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Buyer Overview 1

Buyer

Industrious

New York, New York, United States

Category Company
Founded 2013
Sector Real Estate
DESCRIPTION

Industrious LLC is a premium flexible workspace provider in the U.S. with over 65 locations in more than 40 U.S. cities. Its Workplace Experience platform, which pairs thoughtfully-designed spaces with hospitality-driven services and amenities, has reshaped the concept of coworking into a scalable solution for companies of all sizes and stages. Industrious was established in 2013 and is based in New York City.


Deal Context for Buyer #
Overall 3 of 3
Sector: Real Estate 3 of 3
Type: Add-on Acquisition 3 of 3
Country: Singapore 1 of 1
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Welkin & Meraki

Paris, France

Welkin & Meraki is a premium concept in flexible workspace solutions designed with a distinctive and permanent focus on quality and well-being. The premium flexibility meets the needs of all sizes of companies, especially the most demanding ones that require international standards of safety and comfort. Present today in France, Belgium, and Holland, the 5 addresses respond to unique and essential specificities so that the men and women who work there every day can develop their projects in complete serenity. Welkin & Meraki was formed in 2018 and is based in Paris.

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