International Workplace Group, an active provider of hybrid working solutions with brands including Spaces and Regus, is opening a state-of-the-art flexible workspace in Budapest. As the adoption of hybrid working rapidly accelerates across Hungary, the number of enquiries for space in International Workplace Group locations has risen sharply and this new opening helps meet rising demand.
The addition of International Workplace Group’s latest location in the capital comes 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.
Situated in the 13th district of Budapest, the new Regus Madarász location is part of a drive by International Workplace Group to meet the sharply rising demand for top-class flexible working space in the capital. Budapest’s inner district is home to the Váci út office corridor, the popular Margaret Island, and this new Regus workspace – extending the Váci út office corridor outside of the crowded central business district. Regus Madarász offers co-working spaces, private offices, meeting rooms and creative spaces.
The new buildings will provide space for established firms and start-ups across a range of industries, while IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new Regus location will include facilities including private offices, meeting rooms, co-working and creative spaces.
The building owners decided to invest in the International Workplace Group platform to maximize the return on their real estate space by capitalizing on the rapidly expanding demand for hybrid working. With an annual investment of around £50m ($64m) into its technology platform, International Workplace Group provides partners with access to all the company’s expertise as well as design and fit-out support and sales and marketing capabilities.
With explosive market growth as companies of all sizes adopt hybrid working for the long term, it is predicted that 30 percent of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners can 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 ($11,000) per employee.
Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing a stronger and much-needed footprint in Hungary with this latest opening. As an important business hub, Budapest 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 Proform Ingatlanbefektetési Zrt. in Budapest – our third partnership agreement with this company – to develop the Regus brand under management agreements that will add a cutting-edge workspace to their building.”
Béla Szamosváry, Proform Ingatlanbefektetési Zrt. added: “We are delighted to partner with IWG, to open a top-class hybrid working facility in the 13th district of the capital. Our busy and popular location and ease of access have created high demand for top quality working spaces from local companies and workforces across Budapest and the wider city.”
