IWG Secures Over 50m sq ft of Office Space as the 'Workspace Revolution' Begins

PR72865

ZURICH, March 28, 2018 /PRNewswire=KYODO JBN/ --

* Significant growth sees operator of leading workspace providers reach global

milestone  

* IWG believes growth reflects a tipping point in global attitudes to

workspace  

IWG, the global operator of leading workspace providers, has surpassed 50m sq

ft of office space globally - reflecting soaring demand as businesses embrace a

'workspace revolution'.

     (Logo: https://mma.prnewswire.com/media/659938/IWG_Logo.jpg )

     (Photo: https://mma.prnewswire.com/media/659939/Mark_Dixon.jpg )

IWG added 314 new office buildings to its network in 2017, for a total of 5.5m

sq ft of workspace in 2017. The amount of space added was 36% higher than in

2016, taking IWG's global reach past the 50m sq ft marker. That's the

equivalent of 116 Wembley Stadiums, 261 Sydney Opera Houses or 3,718 Olympic

swimming pools.

Demand for flexible workspaces is now truly global, with IWG expanding in

regions across the world including the Americas, Europe, the Middle East,

Africa and Asia Pacific. IWG also opened workspaces for the first time in

Angola, Azerbaijan, Georgia, Iceland, Iran, Kazakhstan, and Trinidad and Tobago

in 2017, as well as adding to its existing presence many other countries,

helping more than 2.5 million people to work more productively.

IWG - through its diverse brands Regus, Spaces, No18, Basepoint, Open Office

and Signature - can now offer businesses a base in almost 3,300 locations

across 1,000 cities and towns in over 110 countries. Growth is continuing in

2018, with plans to open even more workspaces across the world.

Mark Dixon, IWG Founder and CEO, said that the increased appetite for flexible

workspaces reflected that business leaders are seeing the benefits that they

offer - and that 2018 could be a tipping point in attitudes to work globally.

"Businesses around the world are increasingly recognising that flexible

workspace can create competitive advantage, cut costs, boost productivity, and

help attract and retain talent. We are at the tipping point - and the results

of this will transform the working experience for millions of people."

Mr. Dixon added: "This revolution is driven by technology and the increased

ability for people to plug in and work from anywhere. It's also important to

note that flexible workspaces provide real advantages to organisations. All

businesses - from start-ups to multi-nationals - can gain cost benefits,

increase their strategic flexibility, and be more agile in today's fast moving

and competitive digital environments."

About IWG

IWG is the global operator of leading workspace providers. Our companies help

more than 2.5 million people and their businesses to work more productively. We

do so by providing a choice of professional, inspiring and collaborative

workspaces, communities and services.

Digitalisation and new technologies are transforming the world of work. People

want the personal productivity benefits of living and working how and where

they want. Businesses want the financial and strategic benefits. Our customers

are start-ups, small and medium-sized enterprises, and large multinationals.

With unique business goals, people and aspirations. They want workspaces and

communities to match their needs. They want choice.

Through our companies we provide that choice, and serve the whole world of

work: Regus, Spaces, No18, Basepoint, Open Office and Signature. We create

personal, financial and strategic value for businesses of every size. From some

of the most exciting companies and well-known organisations on the planet, to

individuals and the next generation of industry leaders. All of them harness

the power of flexible working to increase their productivity, efficiency,

agility and market proximity.

We're reaching a tipping point. The workspace revolution is coming.

Join us at http://www.iwgplc.com.

Source:  IWG