IWG, 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 Szeged as the demand for hybrid working rapidly accelerates. This opening is being delivered in partnership with Cédrus Liget, who chose the IWG flexible workspace platform and has entered into a management agreement with the Regus brand.
Unprecedented demand from companies of all sizes and workers looking for hybrid working solutions means IWG will add 1,000 new locations over the next year. Hybrid working offers companies a significantly lower cost base with an average saving of $11,000 per employee.
Szeged, the biggest city in the south part of Hungary is one of the fastest-growing regional locations. Demand for workspaces in the area has performed strongly, with the number of enquiries for space in IWG locations continuing to sharply increase.
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 £50m 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.
This completely unique location encapsulates the 15-Minute Commute – an increasingly popular concept, whereby all our needs including housing, shopping, healthcare and work facilities are within a 15-minute radius. The different working options are also an essential part of the concept, as they are the ones that could be implemented fastest and are generally welcomed by employees. The new Regus location will include facilities including private offices, meeting rooms, co-working and creative spaces
Situated on Bakay Nándor Street in Szeged, this new Cédrus Liget location is part of a drive by IWG to meet the sharply rising demand for top-class flexible working space in the southern area. Located a 10-minute walk from the city’s pedestrian streets, a 6-12 minute walk from the university faculties and a 2-minute walk from the city’s largest shopping centre, the new centre is in a highly-desirable area.
The prime location building will provide space for established firms 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.
IWG is the world’s leading provider of flexible workspace – with 3,500 locations in more than 120 countries with members able to access all of the locations and business services via the IWG app.
As the ongoing shift towards hybrid working accelerates, conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2022, IWG welcomed hundreds of new partner locations and is on track to add around 1,000 over the course of the next year. IWG already counts 83 per cent of Fortune 500 companies among its customer base.
Mark Dixon, CEO & Founder of IWG, commented: “We are establishing a stronger and much-needed footprint in Szeged with this latest opening. As an important business hub, Szeged 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 Cédrus Liget to develop the Regus brand under a management agreement that will add a cutting-edge workspace to their building.
“Our opening in Szeged 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.”
Chu Phan Huang, Leader of Cédrus Liget added: “We are delighted that IWG’s hybrid working solutions brand, Regus has chosen our facility to set up its new centre. Our unique location at the gate of Szeged city centre created a high demand for a top-quality working space for the companies and their workers in this area and by the partnership with Regus brand we can fully meet the demands increasing the value of the facility and the provided services even further”
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.