The world’s largest provider of hybrid working office space is opening a new state-of-the-art flexible workspace in Newry.
IWG, whose brands including Spaces and Regus is launching the space at 30A Kilmorey Street in the city as the demand for hybrid working rapidly accelerates.
It comes in the wake of the business posting record quarterly revenue and achieving rapid network growth, adding 867 new locations over the course of 2023.
IWG says the number of enquiries for space in its various locations has risen sharply as more people adopt hybrid working at pace, actively seeking out ways to cut their commute, work closer to home and live in a ‘15 Minute City’.
It says its Kilmorey Street workspace will offer facilities including private offices, meeting rooms, co-working and creative spaces.
The building will provide space for established firms and start-ups across a range of industries including engineering, hospitality, education and health, 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 IWG 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 £50 million into its technology platform, IWG provides partners with access to all the company’s expertise, as well as design and fit-out support and sales and marketing capabilities.
IWG is the world’s leading provider of flexible workspace, featuring 4,000 locations in more than 120 countries, with members able to access all of the locations and business services via the IWG app.
Adrian Toner, director of Newros Holdings Ltd, which owns the Kilmorey Street property, said: “During my career I have used and have long been an advocate of Regus serviced offices as a means of flexible working within a high-quality environment.
“As a native of Newry, I’m proud to partner with such a global company as IWG plc to bring this unique offering to the city.”
Mark Dixon, founder and chief executive of IWG, said: “We’re establishing a stronger and much-needed footprint in County Down with this latest opening, and Newry 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 default for companies of all sizes.
“We’re pleased to work with partners to develop the Regus brand, under a management agreement that will add a cutting-edge workspace to their building.”
