Our industry is directly impacted by a global health and economic crisis.

We have created this new section so that you can access relevant information on
how the Coronavirus is impacting the Flex Workspace industry globally.

As of April 1st 2020, IWG´s stock price has plunged since the beginning of the crisis. The largest Flexible Workspace Operator in the world has lost close to 60% of its value. In total, this represents a total reduction of over $2Bn in market capitalization.

In comparison, the S&P 500, a reflection of the largest US corporates, is down 20% for the same period, which shows the sensitivity of our industry to the crisis.

We compare IWG with a long-lease traditional office / industrial REIT such as Global Net Lease, down 35% of the period. Flexible workspaces have been hit harder than long-lease due to the flexibility of their occupiers' contracts but they may pick up earlier once the lockdown is over.

Stay tuned.