Regus owner in £800m battle with landlords

Shared offices provider IWG will this week test the mettle of landlords with the threat of putting a subsidiary that guarantees rent payments into bankruptcy protection. Jersey-based Regus plc, the name best associated with IWG, could be placed into insolvency within days, meaning it will not be on the hook for lease guarantees worth almost £800m. IWG runs serviced offices but does not typically own the buildings. Office tenants are responsible for paying rent to landlords, but guarantees