INTERNATIONAL WORKPLACE GROUP ADDS TWO NEW BRANDS WORKSPACES IN LAGOS, AS DEMAND FOR HYBRID WORKING RISES

 

 

International Workplace Group, the world’s largest provider of hybrid working solutions with brands including Spaces and Regus, is opening two a state-of-the-art flexible workspaces in Lagos. As the adoption of hybrid working rapidly accelerates across Nigeria, the number of enquiries for space in International Workplace Group locations has risen sharply and this these new openings helps meet rising demand.

The addition of International Workplace Group’s latest locations, HQ Lagos Lekki Link Bridge and Regus Lagos Mansard Place, come on the heels of the business posting its highest-ever revenue, cashflow and earnings growth in its history and achieving rapid network growth, signing 465 new locations in the first half of 2024 alone.

Both situated in Lagos, these new locations are part of the 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 spaces to Lagos, 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 HQ workspace is set to open in Lekki Lagosin March 2025 and will be on the 2nd and 3rd floor, is set to open in March 2025 while the Regus location at Mansard Place which will be on the 3rd floor of the 6 storey building and will open in February 2025. The buildings will provide space for established firms and start-ups across a range of industries, while International Workplace Group’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new locations will include facilities including private offices, meeting rooms, co-working and creative spaces.

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 per employee[i].

International Workplace Group is the world’s leading provider of flexible workspace – featuring nearly 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 £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 Nigeria with this these latest openings. As an important business hub Lagos 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 partnership with Sterling Bank and APD Mansard Place to develop the brand under a management agreement that will add a cutting-edge workspaces to their the buildings.

“Our openings in Lagos 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 is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”