Flexible office provider IWG, whose brands including Spaces, Regus, HQ and Signature, has expanded its Hungarian portfolio with four new openings, adding a total area of 5,944 m2 to its footprint.
The openings are being delivered in partnerships with different locations that have entered into a management agreement with the Regus and HQ brands.
Mark Dixon, CEO & Founder of IWG, said: 'We are establishing a stronger and much-needed footprint in Hungary with these new 4 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.'
A Regus centre is opening in the 15th district of Budapest, where the new IN15 Office Park is located, close to the M3 motorway access and the M0 detour road. According to IWG, the new location offers eco-friendly workspaces with modern communal areas, storage solutions and covered parking places.
A further Regus centre is launching in the Köki Terminál mall, improving tenant mix and add amenity, giving IWG’s clients access to food court, shops as well as a large parking lot. It will deliver an additional 1317 m2 workspace to the total IWG footprint in Hungary.
HQ Budaörs comprises a 700 m2 workspace in the centre of the popular suburb of Budapest, close to Regus Tópark, Biatorbágy. It marks the first HQ centre in Hungary.
Finally, Regus Fészek Office in Pécs is a 2,135 m2 workspace in a historical building in the centre of the fifth largest city in Hungary. Pécs is situated in the south-west of Hungary, with a total population of 150,000 people.
The new Regus and HQ locations will include facilities such as private offices, meeting rooms, co-working and creative spaces.
IWG said that unprecedented demand from companies of all sizes and workers looking for hybrid working solutions means the firm 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 k per employee, according to IWG calculations.
IWG has 3,500 locations in more than 120 countries worldwide, with members able to access all of the locations and business services via the IWG app.
The firm's research suggests that 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.
