GBT Technologies announce Agreement for Planned Acquisition of Nexus Workspaces from CGI
GBT Technologies has entered into non-binding agreements to acquire Nexus Workspace properties and intellectual property portfolio from CGI Fund I, LP. The acquisition will be executed through Nexus Workspace Holdings, a new GBT subsidiary, covering Florida locations in Wellington, West Palm Beach, Stuart, Boynton Beach, and Boca Raton. Nexus currently serves over 800 members with flexible office solutions.
The transaction will proceed in phases, starting with GBT acquiring 49% ownership of properties in Wellington, West Palm Beach, and Stuart, followed by full portfolio ownership. GBT plans to spin off Nexus Workspace Holdings as an independent public entity, benefiting GBT shareholders. The parties aim to complete binding agreements before year-end.
GBT Technologies ha stipulato accordi non vincolanti per acquisire i beni e il portafoglio di proprietà intellettuale di Nexus Workspace da CGI Fund I, LP. L'acquisizione sarà effettuata tramite Nexus Workspace Holdings, una nuova sussidiaria di GBT, e riguarderà le località della Florida a Wellington, West Palm Beach, Stuart, Boynton Beach e Boca Raton. Nexus attualmente serve oltre 800 membri con soluzioni per uffici flessibili.
La transazione procederà in fasi, partendo con GBT che acquisirà il 49% della proprietà a Wellington, West Palm Beach e Stuart, seguita dall'acquisizione dell'intero portafoglio. GBT intende scorporare Nexus Workspace Holdings come entità pubblica indipendente, a beneficio degli azionisti di GBT. Le parti mirano a completare accordi vincolanti entro la fine dell'anno.
GBT Technologies ha entrado en acuerdos no vinculantes para adquirir propiedades y un portafolio de propiedad intelectual de Nexus Workspace de CGI Fund I, LP. La adquisición se llevará a cabo a través de Nexus Workspace Holdings, una nueva subsidiaria de GBT, abarcando ubicaciones en Florida en Wellington, West Palm Beach, Stuart, Boynton Beach y Boca Ratón. Nexus actualmente atiende a más de 800 miembros con soluciones de oficinas flexibles.
La transacción procederá en fases, comenzando con GBT adquiriendo un 49% de la propiedad en Wellington, West Palm Beach y Stuart, seguido de la propiedad total del portafolio. GBT planea escindir Nexus Workspace Holdings como una entidad pública independiente, en beneficio de los accionistas de GBT. Las partes buscan completar acuerdos vinculantes antes de fin de año.
GBT Technologies는 CGI Fund I, LP로부터 Nexus Workspace의 자산 및 지적 재산 포트폴리오를 인수하기 위한 비구속 계약을 체결했습니다. 인수는 GBT의 새로운 자회사인 Nexus Workspace Holdings를 통해 진행되며, 플로리다의 웰링턴, 웨스트 팜 비치, 스튜어트, 보인턴 비치 및 보카 라톤의 위치를 포함합니다. 현재 Nexus는 800명 이상의 회원에게 유연한 사무실 솔루션을 제공합니다.
이번 거래는 단계적으로 진행되며, GBT가 웰링턴, 웨스트 팜 비치 및 스튜어트의 49%의 소유권을 인수하는 것으로 시작하여 전체 포트폴리오 소유권으로 이어집니다. GBT는 Nexus Workspace Holdings를 독립 공개 법인으로 분리할 계획이며, 이는 GBT 주주에게 혜택을 줄 것입니다. 양측은 연말까지 구속력 있는 계약을 완료할 목표를 가지고 있습니다.
GBT Technologies a conclu des accords non contraignants pour acquérir les actifs et le portefeuille de propriété intellectuelle de Nexus Workspace auprès de CGI Fund I, LP. L'acquisition sera réalisée par le biais de Nexus Workspace Holdings, une nouvelle filiale de GBT, couvrant des emplacements en Floride à Wellington, West Palm Beach, Stuart, Boynton Beach et Boca Raton. Nexus sert actuellement plus de 800 membres avec des solutions de bureau flexibles.
La transaction se déroulera par phases, commençant par l'acquisition par GBT de 49% de propriété à Wellington, West Palm Beach et Stuart, suivie par une pleine propriété du portefeuille. GBT prévoit de scinder Nexus Workspace Holdings en une entité publique indépendante, au bénéfice des actionnaires de GBT. Les parties visent à finaliser des accords contraignants avant la fin de l'année.
GBT Technologies hat nicht verbindliche Vereinbarungen getroffen, um die Vermögenswerte und das Portfolio an geistigem Eigentum von Nexus Workspace von CGI Fund I, LP zu erwerben. Der Erwerb wird durch Nexus Workspace Holdings, eine neue Tochtergesellschaft von GBT, durchgeführt und umfasst Standorte in Florida in Wellington, West Palm Beach, Stuart, Boynton Beach und Boca Raton. Nexus bedient derzeit über 800 Mitglieder mit flexiblen Bürolösungen.
Die Transaktion wird phasenweise durchgeführt, beginnend mit dem Erwerb von 49% der Immobilien in Wellington, West Palm Beach und Stuart, gefolgt vom vollständigen Besitz des Portfolios. GBT plant, Nexus Workspace Holdings als eine unabhängige öffentliche Einheit auszugliedern, was den Aktionären von GBT zugutekommen wird. Die Parteien streben an, noch vor Jahresende verbindliche Vereinbarungen zu treffen.
- Acquisition of income-producing real estate assets across five Florida locations
- Existing customer base of over 800 members
- Planned spin-off to create additional value for shareholders
- Phased acquisition structure reducing immediate financial burden
- Non-binding agreement status indicates deal uncertainty
- Complex phased transaction structure may present integration challenges
MIAMI, Nov. 27, 2024 (GLOBE NEWSWIRE) -- GBT Technologies, Inc. (“GBT”) has entered into non-binding agreements to acquire real estate interests in Nexus Workspace properties and to acquire a related Nexus Workspace intellectual property portfolio. As part of this strategic transaction, entities owned directly or indirectly by CGI Fund I, LP (“CGI”) will be selling their interests in Nexus Workspace properties to GBT through a phased acquisition process.
Under the agreements, GBT, through its wholly owned subsidiary to be incorporated, Nexus Workspace Holdings, Inc. (“NH”), will acquire Nexus Workspace’s Florida-based properties, including flagship locations in Wellington, West Palm Beach, Stuart, Boynton Beach, and Boca Raton. Nexus Workspace provides modern, flexible office solutions, serving over 800 members with offerings such as private offices, shared workspaces, virtual offices, and conference rooms. Amenities include 24/7 access, high-speed internet, and fitness centers, positioning Nexus as a leader in adaptable workspace solutions.
“These agreements mark a new chapter for the Nexus brand,” said Raoul Thomas, CEO of CGI Merchant Group. “By aligning with GBT Technologies, we are not only ensuring the continued growth of Nexus but also unlocking the potential to redefine workspaces with innovative strategies. This expected sale underscores our commitment to delivering value to all stakeholders and fostering long-term success.”
The agreements contemplate a phased transaction structure, starting with GBT acquiring
“Nexus Workspace represents an incredible opportunity for growth, innovation, and operational excellence,” said Mansour Khatib, CEO of GBT Technologies. “This expected acquisition and planned spin-off allow us to integrate income-producing assets into a public company while leveraging Nexus’s market presence and strategic locations to adapt to the evolving workplace environment.”
Transaction Advisor - The Transaction Advisor in the creation of the group structure, and investment banking services was Wertheim & Company LLC, which has recently commenced operations under the brand name of its Predecessor Entity.
About GBT Technologies, Inc.
GBT Technologies, Inc. is a publicly traded company specializing in high-tech solutions, innovative platforms, and strategic investments across diverse industries. GBT is committed to growth and delivering long-term shareholder value.
About Nexus Workspace Properties
Nexus Workspace Properties manages premier real estate and intellectual property assets, providing modern workspace solutions tailored to today’s business demands. Their offerings include private offices, shared workspaces, and virtual office services.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its real estate portfolio. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release
Contact
GBT Technologies, Inc.
Nexus Workspaces
Investor@cgimg.com
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