The addition of International Workplace Group’s latest locations in Budapest come on the heels of the business posting its highest-ever revenue in its 35-year history and achieving rapid network growth, adding 867 new locations over the course of 2023.
A new 1,300 sqm Regus centre was opened in the popular Köki Terminál Mall and Office Centre. Being located inside a shopping mall it also offers better work-life balance (work-shopping-gym). It can easily be accessible by car and publics transport from the city.
Regus offers solution for businesses of all sizes. This development improves tenant mix and add amenity, giving IWG’s clients access to food court, shops as well as a large parking lot. Regus brand is a perfect choice for businesses looking for flexible workplaces, private offices, exclusive meeting rooms, co-working and creative spaces, furnished offices of various sizes (15-500 sqm). Regus offerings are ideal for cost effective solutions, for professional and inspiring work environment and if tenants want to connect with local business community. Additionally, all Regus business partners have access to all International Workplace Group locations across brands including Regus, Spaces and HQ as users can access any internationally.
“KÖKI Terminal Offices, next to many great advantages, is also very favourable as it is very close to the airport, only 15 minutes by car. Business travellers can access a high-quality office for even 1-2 hours” – added Yulia Lytvynenko, Country Manager & Sales Director for Ukraine and Hungary.
The new locations will provide space for established firms and start-ups across a range of industries, while IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements.
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 £50m ($64m) 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.
Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing stronger and much-needed footprints in Budapest with this new opening. As important business hub Budapest 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 very pleased to work in a partnership with Adventum Group in Budapest to develop the Regus brand under management agreements that will add a cutting-edge workspace to their building.”
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 are able to 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 £9,000 ($11,000) per employee.
International Workplace Group is the world’s leading provider of flexible workspace – featuring more than 4,000 locations in more than 120 countries with members able to 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 bases.
