INTERNATIONAL WORKPLACE GROUP ADDS NEW REGUS IN VANDERBIJLPARK, AS DEMAND FOR HYBRID WORKING RISES

The new Regus location is part of the drive to provide top-class facilities in a wide variety of locations as hybrid working becomes a reality for more workers.

This opening follows a partnership agreement with the building owner, who has invested in the International Workplace Group platform to create a branded flexible workspace in their building

The location follows International Workplace Group's signing of 465 new locations globally in the first half of 2024 and posting record revenue, cash flow, and earnings growth.

International Workplace Group, the world’s largest provider of hybrid working solutions with brands including Spaces, Regus and HQ, is opening a state-of-the-art flexible workspace in Vanderbijlpark. As the adoption of hybrid working rapidly accelerates across South Africa, the number of enquiries for space in International Workplace Group locations has risen sharply, and this new opening helps meet growing demand.

The addition of International Workplace Group's latest location follows the business, posting its highest-ever revenue, cash flow, and earnings growth and achieving rapid network growth, signing 465 new locations in the first half of 2024 alone.

Situated on the Vaal River, a predominantly Industrial city, rich in heritage, boasting beautiful old buildings and a mere 70km from Gauteng, this new location is part of a drive by International Workplace Group to meet the sharply rising demand for top-class flexible working space in the area. By bringing a high-quality office space to the Vaal Triangle, International Workplace Group is enabling local people to experience living in a ’15-minute’ city, allowing workers to work close to their homes without commuting far from where they live.

The building will open in September and provide space for established firms and start-ups across various industries, including mining, industrial, and law companies. International Workplace Group's Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new Regus location will include facilities including private offices, meeting rooms, co-working spaces, and creative spaces.

The building owners decided to invest in the International Workplace Group platform to maximise the return on their real estate space by capitalising on the rapidly expanding demand for hybrid working. With an annual investment of around $65m (£50m) into its technology platform, International Workplace Group provides partners with access to all the company’s expertise as well as design and fit-out support and sales and marketing capabilities.

With explosive market growth as companies of all sizes adopt hybrid working for the long term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners can capitalise on this fast-growing sector while being supported by International Workplace Group's unparalleled experience. Hybrid working offers companies a significantly lower cost base, with an average saving of close to ZAR 190,000.00 per employee per year.

International Workplace Group is the world's leading provider of flexible workspace, featuring nearly 4,000 locations in more than 120 countries. Members can access all of the locations and business services via the International Workplace Group app. ​

As the ongoing shift towards hybrid working accelerates, the potential for further growth is exponential, with an estimated 1.2 billion white-collar workers globally and a total addressable market of more than $2 trillion (£1.57 trillion). Conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2023, International Workplace Group welcomed over 800 new partner locations and counts 83 per cent of Fortune 500 companies among its customer base. ​

Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing a stronger and much-needed footprint in the Vaal Triangle with this latest opening. As an important business hub, Vanderbijlpark is a fantastic place for us to

boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal. We are delighted to partner with Dr De Lange to develop the Regus brand under a management agreement that will add a cutting-edge workspace to their building.

“Our opening in Gravitas Office Park comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction while helping the environment. Our workplace model also increases productivity and allows a business to scale up or down at significantly reduced costs."

International Workplace Group's multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. International Workplace Group creates 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.

About International Workplace Group PLC ​  ​

International Workplace Group is the global leader in hybrid work solutions and workspace brands. We create personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organizations on the planet to individuals and the next generation of industry leaders. All of them harness the power of IWG's hybrid working platform to increase their productivity, efficiency, agility, and market proximity. ​ ​ ​

International Workplace Group's unrivalled network coverage includes approximately 4,000 locations across more than 120 countries, and 83% of Fortune 500 companies are amongst our growing customer base. ​ Through our brands including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world's leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services, all available via the International Workplace Group app. ​ ​ ​

For more information visit: www.iwgplc.com ​