In its biggest corporate outsourcing deal so far, struggling service office operator Regus has pulled off a Â£100m deal with Finnish electronics group Nokia. Nokia plans to transfer up to a fifth of its worldwide office space into Regus office centres taking several thousand workstations. The agreement has a potential value of Â£100m over the length of the five-year agreement.
Regus will become the exclusive global provider of serviced office accommodation to Nokia in all operating regions around the world. In addition to workspaces, Regus will also include meeting rooms and support staff services in an all-inclusive deal.
Regus chief executive Mark Dixon said: â€˜This groundbreaking agreement clearly demonstrates that serviced office solutions are now becoming mainstream for the worldÂ's leading companies. Regus is able to create a substantial reduction in the total occupancy costs for Nokia offices while also providing unrivalled global coverage.â€™
Dixon said he expected more such corporate deals â€˜as more and more companies examine their cost base and look for more cost-effective solutions to their office accommodation requirements.