ASX-listed Servcorp has hit out at US co-working giant WeWork and its "bearded hipster" clientele calling it a "glorified hot-desk organisation" with "limited technology and a rudimental business model".
In an extraordinary spray, Servcorp said while WeWork trumpeted about "beer on tap, yoga classes and wellness Wednesdays" it was meeting the "realistic needs of today's global businesses".
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
