- Regus Nepo Centre at Angeles, Pampanga, Regus Adriatico Square in Manila, HQ Triumph Building in Quezon City and Spaces PNB in Makati are impressive workspaces complete with coworking spaces, private offices, meeting rooms and creative spaces
- The announcement of these locations comes in the wake of growing demand for hybrid working amid increased foreign investment, strong GDP numbers, and growing affluence
- IWG’s Philippine locations now stand at 31 with plans for this to exceed 40 by year-end – nearly doubling the total number of locations compared to last year
IWG, the world’s largest provider of hybrid working solutions with brands including Regus, Spaces and HQ, is pleased to announce the opening of four state-of-the-art flexible workspaces in the Philippines in May 2024. These include two Regus centres; one in Nepo Centre, Angeles City, Pampanga on May 6 and the other in Adriatico, Manila on May 10. These launches were followed by the HQ Triumph building in Quezon City on May 14 and a Spaces in PNB Makati on May 15. The new, strategically situated workspaces are part of IWG’s continued global expansion, after adding 867 locations worldwide in 2023.
The addition of IWG’s latest locations comes on the back of rising demand for hybrid working in the Philippines. According to PwC, 51% of Philippine respondents prefer the hybrid work model, with rising foreign investment, strong GDP numbers, and growing affluence driving this trend.
Expansive Network
The new locations bring IWG’s presence in the Philippines to 31 centres, with the expectation for this number to exceed 40 by the end of the year – doubling the number of open locations compared to last year. This extensive IWG network includes locations in key cities such as Davao, Cagayan de Oro, Iloilo, Cebu, Subic, Angeles City, Baguio, and throughout the National Capital Region. With soon to be over 40 locations nationwide, IWG offers the largest network of flexible working spaces across the Philippines.
IWG’s growth strategy of the Philippines, rooted in partnership with local partners and investors, has established a robust network of hybrid working spaces that enable businesses of all sizes to thrive. Small- and medium-sized enterprises (SMEs) have been particularly empowered by these flexspaces, utilizing them as launch pads to scale to regional, national, and even global levels. As a result, IWG Philippines continues to post outstanding numbers in margin growth, reinforced by network development with new openings.
Driving Inclusive Growth
By strategically expanding beyond Manila’s central business districts, IWG guarantees businesses throughout the country access to premium and flexible workspaces. This not only facilitates economic development, but also cultivates a sense of empowerment among businesses.
Furthermore, with an annual investment of around USD64 million in its technology platform, IWG provides partners with access to all the company’s expertise as well as design and fit-out support. This model has enabled IWG Philippines to be one of the company’s best performing markets globally.
As the trend 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 USD2 trillion. With businesses requiring less traditional office space, enterprises will gradually pivot from conventional office occupancy in favour of flexible workspaces. Just last year, IWG welcomed over 800 new partner locations and now counts 83% of Fortune 500 companies among its customer base. Featuring more than 4,000 locations in over 120 countries, IWG provides members access to all its locations and business services via the IWG app.
Lars Wittig, Senior Vice-President, APAC NORTH, IWG commented: “We are pleased to announce the opening of these four new locations in the Philippines this month. We see immense potential in the country’s hybrid work landscape and as important business hubs in the region, these latest openings are aimed at strengthening our expansion plans, while levelling up the quality of the nation’s infrastructure to drive its economy into the future.
These new centres are a testament to the fact companies are realising flexible working is an enabler of employee productivity and improves sustainability, while increasing scalability so that businesses can grow faster while exerting greater control over costs.”
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.
