What's Happening?
Alex Passler, former global head of franchising at WeWork, has launched Vallist, a flexible workspace advisory and operator. The Singapore-based firm signed a 10-year management agreement for a 31,000 square foot space in London. Vallist aims to operate multiple sites in the city, focusing on energy efficiency and high-level hospitality features.
Why It's Important?
The launch of Vallist reflects the growing demand for flexible workspaces, particularly in mature markets like London. Passler's experience at WeWork positions Vallist to capitalize on this trend, offering premium products that meet upcoming energy efficiency standards. The move highlights the evolving landscape of commercial real estate and the importance of sustainability in business operations.
