IWG (Regus) Unveils Cutting-Edge Office Space in Portomaso
In response to the surging demand for hybrid working solutions, IWG, the global leader in flexible workspace offerings under brands like Spaces and Regus, has recently inaugurated a state-of-the-art flexible workspace in Portomaso. This move comes in collaboration with Tumas Group, a strategic partner that opted for the IWG flexible workspace platform, entering into a management agreement under the Signature brand.
Meeting the Demand for Hybrid Working
As the landscape of work continues to evolve, there’s an unprecedented demand from businesses of all sizes and individuals for hybrid working solutions. Recognizing this shift, IWG is poised to establish 1,000 new locations in the coming year. The appeal of hybrid working extends beyond mere convenience; it presents companies with a notable cost advantage, with an estimated average savings of €10,000 per employee according to Global Workplace Analytics.
Prime Location and Features
Portomaso holds a distinct reputation as one of Malta’s most desirable locations due to its strategic positioning and the array of amenities it offers. The demand for workspaces in this locale has been robust, as evidenced by the increasing number of inquiries for spaces in IWG locations. The new flexible workspace is nestled within an award-winning landmark building adjacent to the iconic Portomaso Business Tower and Marina in the St Julian’s district. This expansion aligns with IWG’s commitment to meet the growing demand for high-quality flexible workspace options.
Signature Location Highlights
The newly launched Signature location boasts an array of amenities, including 33 private offices, co-working spaces, meeting rooms, sun terraces, and even a library study area. The convenience factor is undeniable—this workspace is easily accessible, situated just 210 meters from the Ross bus stop and 11.9 kilometers from Malta’s airport. After a productive workday, the nearby sandy beach and charming promenade of Spinola Bay offer the perfect settings for relaxation or client engagement.
Partnering for Success
Tumas Group’s decision to invest in the IWG platform is a strategic move to optimize the return on their real estate investment by capitalizing on the soaring demand for hybrid working solutions. With an annual technology investment of around £50 million, IWG empowers its partners with access to a wealth of expertise, design and fit-out support, and robust sales and marketing capabilities.
Global Reach and Impact
IWG stands as the world’s leading provider of flexible workspaces, boasting nearly 4,000 locations spanning more than 120 countries. Members can seamlessly access these locations and the suite of business services through the IWG app. As the transition to hybrid working accelerates, traditional office occupancy is expected to dwindle as companies increasingly favor flexible workspaces. In 2022, IWG welcomed numerous new partner locations and is set to add approximately 1,000 more within the next year. Impressively, 83 percent of Fortune 500 companies are already part of IWG’s extensive clientele.
A Vision for Expansion
Mark Dixon, the CEO and founder of IWG, emphasizes the significance of this new opening: “Our establishment in Portomaso underscores our growing presence in Malta. As a pivotal business hub, Portomaso aligns with our expansion strategy. The demand for top-notch flexible workspaces is soaring as hybrid working becomes the norm. Partnering with Tumas Group to introduce the Signature brand through a management agreement enhances their building with cutting-edge workspace offerings.”
Dixon continues, “Our foray into Portomaso coincides with the realization that flexible working not only enhances employee satisfaction but also contributes to environmental well-being. Our workspace model has proven capabilities in boosting productivity while offering businesses the flexibility to scale up or down at a fraction of traditional costs.”
Catering to Diverse Needs
IWG’s multi-brand expansion strategy is designed to cater to the unique needs of every business and entrepreneur. From global corporations to emerging industry leaders, IWG’s flexible working solutions empower them to enhance productivity, agility, and market proximity, all while driving personal, financial, and strategic value.
For further details, visit IWG. – For information on centers in Malta, visit Regus.
FAQs
What is IWG’s recent accomplishment in Portomaso?
IWG has inaugurated a state-of-the-art flexible workspace in Portomaso, catering to the rising demand for hybrid working solutions.
How is IWG expanding its global reach?
IWG is set to establish around 1,000 new locations in response to the surging demand for flexible working spaces.
What benefits does hybrid working offer businesses?
Hybrid working presents companies with a substantial cost advantage, with estimated average savings of €10,000 per employee.
What makes Portomaso an attractive location for IWG’s workspace?
Portomaso’s strategic positioning and surrounding amenities have led to strong demand for workspaces in the area.
How does IWG’s partnership with Tumas Group contribute to expansion?
Tumas Group’s collaboration empowers IWG’s expansion strategy, offering cutting-edge workspace solutions and enhancing real estate investments.
Lela
I have over 10 years' experience proofreading and editing where spelling and grammar were paramount. This includes newspaper publication and designing advertisements. I personally write all my articles.This allows me to do in-depth research and provide premium content.
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