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Apr 1 2021, 06:50 IST/BST
As global leader in the flexible office/coworking space, IWG looks to be in pole position to gain from economic recovery and the industry shake-out we have seen over the last 12 months. Following the initial bounce-back, the next decade should see a leaner, more efficient IWG benefit from the structural growth that follows, driven by larger company contracts and where value-creation can be cemented by further franchise agreements. We initiate with an ‘Outperform’ rating.