Latest news with #Regus
CairoScene
22-05-2025
- Business
- CairoScene
Inside El Gouna's Regus: A New Work Rhythm by the Water
Inside El Gouna's Regus: A New Work Rhythm by the Water Regus opens its latest flexible workspace in El Gouna, offering entrepreneurs and remote teams a thoughtfully designed space to work, meet, and grow within one of Egypt's most serene towns. It's 10 AM in El Gouna, and someone is pitching an investor over coffee with a view of the marina. Two tables over, a fintech founder is onboarding a new hire remotely. Upstairs, a wellness entrepreneur is prepping the itinerary for her retreat. It's Tuesday at Regus El Gouna. Set in the calm precision of Fanadir Marina, the newest Regus location doesn't just offer desks and WiFi but a shift in perspective. For founders, creatives, and teams working remotely, it's the kind of place that makes space not only for productivity, but for the pace you want your life to move at. The interiors are minimal, light-filled, and intentionally designed to get you into flow. Private offices, co-working lounges, meeting rooms and breakout areas are all arranged with the understanding that work happens in different modes. Some days are for quiet focus. Others need room for collaboration. Here, both are built in. This is Regus' 18th location in Egypt, and one of the very few outside of Cairo. But El Gouna isn't an outpost. It's a living model for integrated work-life environments, where business infrastructure meets coastal ease, and no one's rushing through gridlock to get to a 9 AM call. There's a reason El Gouna feels like it was made for this moment. It has schools, cultural centers, clinics, fitness hubs, and food that rivals any city restaurant scene, all connected by bike and walking paths, clean air, and a community that actually knows each other's names. Professionals here aren't stepping away from ambition. They're just recalibrating how and where that ambition unfolds. And spaces like Regus El Gouna offer the architecture to support that recalibration, practical, polished, and embedded within a town that rewards momentum without forcing speed. The hybrid model doesn't need explaining anymore. What it needs is better places to land. At Fanadir Marina, one just opened its doors.
Economic Key
21-05-2025
- Business
- Economic Key
Safwa Urban Developments Partners with IWG to Launch Four New Regus Business Centers Across Key Developments in Egypt
Safwa Urban Development (SUD) signed a strategic partnership agreement with International Workplace Group, the world's largest hybrid workspace platform, adding new Regus centers to four of the developer's flagship projects across Egypt in the cities of Cairo, Mansoura, and New Damietta. This collaboration reflects SUD's strategy to deliver cutting-edge business environments, while enhancing the operational efficiency and market competitiveness of its developments. The agreement is also in line with IWG strategy to meet the sharply rising demand for top class flexible working space in the area. Set to open in 2025, the four centres at SUD distinguished projects 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. Eng. Ali Shalaby, Board Member of Safwa Urban Developments (SUD), commented on the partnership, stating: 'This strategic agreement with IWG, through its Regus brand, underscores SUD commitment to delivering world-class operational models that align with international standards. Integrating Regus' proven expertise in flexible workspace solutions, reflects our vision of creating integrated business communities that thrive in Egypt's competitive real estate landscape.' Shalaby added: 'The selection of Regus as our partner was driven by their unparalleled global track record in managing flexible workspaces, which strengthens the long-term investment value of SUD's developments. This marks our second collaboration with Regus, following the success of our European branch partnership, further solidifying the trust between our organizations.' Youssef Najeeb, Country Manager for IWG in Egypt stated: 'Our continuous openings in Cairo come at a time when more and more companies are discovering that flexible and platform working is incredibly popular with employees, improving their work-life balance and satisfaction, while also providing a multitude of benefits to companies. Our workplace model, along with local partners collaborations, enables existing businesses to increase productivity and allows for new businesses to scale up or down at significantly reduced costs while providing access to thousands of locations, contributing to the local economy through job creation and investment.' SUD boasts an extensive portfolio of projects across Egypt, including prominent developments in Greater Cairo, the New Administrative Capital, Obour City, New Damietta, and New Mansoura. With investments totaling EGP 18 billion in the New Administrative Capital alone, SUD continues to lead way in creating innovative residential, commercial, and mixed-use spaces tailored to diverse market needs. The addition of International Workplace Group's latest locations to SUD projects 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 899 new centres to its network in 2024 and opening 624 new workspaces. 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. International Workplace Group remains the global leader in hybrid working – featuring over 4,000 locations in more than 120 countries with members able to access all of the locations and business services via the IWG app. تم نسخ الرابط
Time of India
16-05-2025
- Business
- Time of India
IWG plans to open 40 new centers by 2025-end, pushes for partnership model
NEW DELHI: IWG , flexible office space provider, plans to open 40 new centers by 2025-end, in addition to the 10 centers it opened up between January-April 2025, said Marc Descrozaille , regional CEO of the company. "We have been in India since 2004 and and it took us all these years to get to 105 centers, with Regus initially, and later with Spaces and HQ. Conditions have changed after covid, both on the demand and the supply side. Clients want to be able to work from different office spaces. And therefore we expect growth going forward," he said. The company has recently introduced a partnership model. Operating the business has changed completely. Hence we are moving from being tenants to being partners. "We are operating the space, bringing in the clients and managing all distribution while landlords are investing into the space." Even though the company is growing its partnership model, the legacy lease and sub-lease model is still important to them and they plan to keep running existing centers on the same model unless landlords specifically want to move to the new model. "As of now, the convention model contributes about 75-80% of our overall revenue. At some point of time the ratio will be 50:50," said Descrozaille. He however admits that the margins typically for this new model will be smaller. "But on the other hand, IWG will not make the upfront investment." Descrozaille took over as the regional CEO of the Indian subcontinent in January 2025. Post that, he says that their primary focus has been on capitalising on the current market momentum. Despite being the largest player globally, flexible workspaces still account for only about 3–5% of the overall office real estate market. There's a clear opportunity to significantly scale that share, potentially up to 30% over the next five years, as projected by several industry reports. "Equally important is ensuring we have the right talent in place to support this growth. That means investing in our people—developing internal capabilities, building succession pipelines, and aligning our teams with long-term goals," he said. As for the opportunity in India, he says that as a market India today is in the top 15 for IWG in the world, the ambition, very much respecting and looking at the opportunity of the market altogether, is to be in the top three or four in the next five years. "One element which is very unique to India is the size of the market. In other countries when we think of expanding, we think of moving from tier-I to tier-II cities, but in India we can even go to tier-III and tier-IV cities. So it's very much a volume game, which is quite unique in terms of the size in India compared to anywhere else, said Descrozaille. Currently, the company has three brands in India. "We can probably introduce Signature but as of now there are no plans to bring in more brands. In 2024, we opened centers in 13 new cities. We are also moving to tier-II, tier-III cities."
Business Insider
11-05-2025
- Business
- Business Insider
Top 10 African cities with the fastest-growing coworking space density
As of May 2025, over 500 coworking spaces are active across Africa's major cities, marking a sharp increase from previous years. Africa has seen a significant rise in coworking spaces, with over 500 active locations as of May 2025. Major operators such as Regus and regional hubs like Impact Hub are expanding into cities like Lagos and Kigali. The cities with the highest coworking density are Lagos, Nairobi, and Cairo, reflecting strong demands from startups and businesses. This growth in coworking spaces in Africa is being driven by a combination of urban population expansion, rising commercial rent prices, increased startup activity, and the normalization of remote work. Verified data from Coworker shows a marked rise in the number of operational coworking hubs across Africa's major commercial centers. The spike is linked to several factors: high urban youth populations, startup-friendly policies, flexible lease demand, and the rising costs of traditional commercial property. Governments are offering support through incubation zones and innovation-friendly reforms, while private capital, both local and international, is flowing into real estate tailored for flexible, short-term use. Global operators such as Regus have opened new locations in cities like Lagos, Dakar, and Casablanca, while Impact Hub and Seedspace continue to support early-stage founders in Kigali and Abidjan. African cities with high coworking space density Here are the top 10 African cities with the highest coworking space density in 2025, based on verified listings: Lagos remains Africa's coworking capital with 120 spaces, driven by expansion from international brands and strong local demand from tech and creative startups. Nairobi follows closely with 94 spaces, supported by innovation-focused districts like Westlands and a growing interest in sector-specific shared workspaces. Cairo's 85 coworking hubs reflect its hybrid mix of legacy business zones and newly developed smart cities. Johannesburg and Cape Town, with 67 and 64 spaces respectively, maintain strong momentum thanks to financial sector usage and appeal to nonprofits and creatives. Mid-sized cities such as Casablanca, Accra, and Abidjan are building coworking momentum by positioning themselves as regional startup bases, offering support to early-stage ventures. Though smaller, Dakar and Kigali are investing in coworking through boutique spaces and policy initiatives aimed at remote professionals.
Times
06-05-2025
- Business
- Times
Office provider IWG shrugs off Trump trade war with record sales
The serviced office space provider IWG generated record sales in March, prompting an increase in returns to shareholders as it reassured markets that the fallout from President Trump's trade war has not had a direct impact on the business. IWG, which rents out serviced office space under brands including Regus and Spaces, reported a 2 per cent increase in revenue to $1.05 billion in the three months to the end of March as it continued to cash in on the growing popularity of hybrid working. The group's solid performance prompted bosses to increase its share buyback to $100 million, up from $50 million. By the end of the first quarter IWG said it had 202,000 'rooms' — equivalent to small offices — open, compared with
