IWG is expanding its Hungarian portfolio with four new openings, adding a total area of 5,944m2 to its footprint. The openings are being delivered in partnerships with different locations that have chosen the IWG flexible workspace platform and have entered into a management agreement with the Regus and HQ brands.
The four buildings are: Regus IN15 Office Park, a 1,792m2 workspace in the 15th district in Budapest, Regus Köki Terminál a 1,317m2 workspace, HQ Budaors, a 700m2 workspace in the centre of the popular suburb of Budapest, close to Regus Tópark, Biatorbágy, and Regus Fészek Office in Pécs, a 2,135 sqm workspace in a historical building in the centre of the fifth largest city in Hungary.
The building owners in all four locations 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 €58.5m into its technology platform, IWG provides partners with access to all the company’s expertise as well as design and fit-out support, sales and marketing capabilities.
The new Regus and HQ locations will include facilities such as private offices, meeting rooms, co-working and creative spaces. The four new prime locations will provide space for established firms, organizations and start-ups across a wide range of industries, while IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements.
Mark Dixon, CEO & Founder of IWG, commented: “We are establishing a stronger and much-needed footprint in Hungary with these new four locations. As important business hubs, Budapest, Budaörs and Pécs are fantastic places 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 with our new partnerships to develop the Regus and HQ brands under management agreements that will add cutting-edge workspaces to the buildings.”
