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Modern office concept WeWork announced a $4.4 billion investment last week to expand their innovative co-working and co-living business to the Asia-Pacific and across the world. The $4.4 billion investment from the SoftBank Group and the SoftBank Vision Fund will not only bring about more WeWork co-working spaces in new markets, it is also the strongest sign yet that the co-working phenomenon represents the next evolution for the workplace. Founded in New York in 2010 by Adam Neumann and Miguel McKelvey, WeWork defines its mission as “to help create a world where people work to make a life, not just a living.” The substantial investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as expanding WeWork’s presence across the globe beyond its current 160 physical locations in over 50 cities and 16 countries. “Driven by Adam's superior vision and his highly talented […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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