REGUS OPENS FIRST OFFICE IN UTTARAKHAND, TO MEET GROWING DEMAND FOR HYBRID WORKING
International Workplace Group, the world’s largest provider of hybrid working solutions with brands including Spaces and Regus, is opening a state-of-the-art flexible workspace in Dehradun, Uttarakhand. Located at 44A, IT Park, Sahastradhara Rd, Doon IT Park, Govind Vihar, the new center will go a long way to meet the growing demand for premium flexible working spaces in the city. As the adoption of hybrid working rapidly accelerates across Uttarakhand, the number of enquiries for space at IWG’s co-working locations and flex spaces has risen sharply and this new opening will help meet this rising demand. The addition of IWG’s latest location in Dehradun comes on the heels of the business posting its highest-ever revenue in its 35-year history and achieving rapid network growth, adding 867 new locations over the course of 2023.
The launch of the Regus office in Dehradun marks yet another significant milestone for IWG as it reaffirms its commitment to empowering businesses and individuals with innovative workspace solutions tailored to the demands of the modern workforce. The center will provide space for established firms and start-ups across a range of industries including IT&ITES, telecom, pharma, biotech, textiles, agritech, logistics and others. Employees from these organisations will gain access to varied flexspaces available to choose basis the workstyle they prefer – ranging from fully equipped day offices, small offices, custom offices, or large suites, all of which come fully furnished and ready-to-use with a secure and reliable IT infrastructure.
Harsh Lambah, Country Manager India and Vice President – Sales, IWG, commented: “We are excited to announce our expansion into Uttarakhand with the opening of our Regus first center in the state capital, Dehradun. Known for its scenic beauty and emerging business ecosystem, Dehradun marks a significant step in our regional growth strategy. This new center will provide a variety of flexible workspace rentals, including office spaces and office suites that can be rented on a long-term basis and customized according to client branding and layout needs. Looking ahead, we plan to expand further into other cities in Uttarakhand, thereby strengthening IWG’s growing footprint in the region. Our commitment is to support the growth and success of local businesses and individuals by providing top-notch workspace solutions tailored to their unique requirements.”
The addition of IWG’s latest location in Dehradun, India comes on the heels of the business posting record quarterly revenue and achieving rapid network growth, adding more than 850 new locations across the world over the course of 2023. IWG works closely with commercial property owners and developers to reimagine and revitalise traditional spaces into vibrant and productive work environments, while delivering enduring revenue streams for its partners. A remarkable 95% of IWG's new locations involve partnerships with property owners and investors to establish innovative workspaces. The openings follow a partnership agreement with the building owner, who has invested in the IWG platform to create a branded flexible workspace in their building.
With an annual investment of around £50m ($64m) 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. India’s non-metropolitan areas show high potential to become centres for hybrid working models in certain sectors. A solid 31% of hybrid and fully remote workers in the study worked in project coordination or assistant/associate roles in sectors such as technology, media, and telecommunications, located across small regional towns and cities. 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 constitute flexible workspace by 2030. Hybrid working offers companies a significantly lower cost base with an average saving of £9,000 ($11,000) per employee[i].
IWG is the world’s leading provider of flexible workspace – featuring almost 4,000 locations in more than 120 countries with members able to access all the locations and business services via the IWG 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 $2 trillion (£1.57 trillion). Conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2023, IWG welcomed hundreds of new partner locations and counts 83 per cent of Fortune 500 companies among its customer base.
IWG’s multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. IWG creates personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility, and market proximity.
