Garnier & Garnier, the prestigious developer, has successfully seized the opportunity to acquire the WeWork franchise across five countries, with Costa Rica being one of them. The company plans to inject a massive investment of $50 million to construct seven avant-garde buildings to further the “cowork” brand in Central America and the Caribbean.
WeWork’s Expansion to Central America and Caribbean
This strategic alliance enables the Costa Rican enterprise to extend WeWork’s operations to countries such as the Dominican Republic, El Salvador, Guatemala, and Panama. The franchise business model plays a pivotal role in escalating the brand’s growth on a global scale. As per the Director of International Operations, “Garnier stands as a sophisticated operator and is uniquely positioned to magnify the product in Central America and the Caribbean.”
WeWork’s Objective: Shared Office Spaces for Co-working Clients
WeWork’s primary aim is to provide shared office spaces for co-working clients, meeting the needs of part-timers seeking a physical workspace, and companies that necessitate rental contracts different from traditional ones.
The Origin of WeWork in Costa Rica
WeWork marked its inception in Costa Rica in 2019, with offices established in Cariari and Escazú Village. Now, Costa Rican talent is poised to take center stage, offering significant contributions to the countries in the region.
Meeting the Needs of Various Professionals
This expansion will serve the needs of independent professionals, SMEs, and large enterprises. The planned seven buildings, scheduled for development over the next three years, signify a new era of growth for the WeWork brand in the region.
