● Regus The Centre, Karachi is an impressive International Workplace Group office space complete with co-working spaces, private offices, meeting rooms and creative spaces
● The new location is part of the drive to provide top class facilities in a wide variety of locations as hybrid working becomes a reality for more workers in Pakistan
● The opening follows a partnership agreement with the building owner, JS Investments Limited, who has invested in the International Workplace Group platform to create a branded flexible workspace in their building
● The location come on the heels of International Workplace Group signing 465 new locations globally in the first half of 2024 , and posting record revenue, cash flow and earnings growth
Karachi: International Workplace Group, 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 Karachi. As the adoption of hybrid working rapidly accelerates across Pakistan, the number of enquiries for space in International Workplace Group locations has risen sharply and the new openings will help meet rising demand.
The addition of International Workplace Group’s latest location in Pakistan come 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.
The new Regus location is a part of a drive by International Workplace Group to meet the sharply rising demand for top class flexible working space in the area. By bringing a high-quality office space to Karachi, International Workplace Group is enabling local people to experience living in a ’15-minute’ city, allowing workers to work close to their homes without commuting far from where they live.
Opening in June 2025, Regus The Centre in Karachi will provide 1,100 sqm. Offering space for established firms and start-ups across a range of industries like Technology & Startups, Freelancers & Remote Workers, Creative & Media Industries, Finance & Legal Services, E-commerce & Retail, Health & Wellness, Nonprofits & Social Enterprises, Education & Training, Real Estate & Architecture, Business Services & Consulting, and industries that value agility, collaboration, and innovation. The location will have facilities including private offices, meeting rooms, co-working and creative spaces, while International Workplace Group’s Design Your Own Office service will allow companies and professionals to tailor their space entirely to their requirements.
The building owner decided to invest in the International Workplace Group 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 Rs17bn 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.
Iffat Mankani, CEO of JS Investments Limited, said: “JS Investment Limited, managers of the JS Rental REIT Fund, are pleased to partner with IWG to redefine professional spaces in Karachi by offering innovative, flexible, and premium workspace solutions. As Pakistan’s economic hub, Karachi is witnessing a growing demand for adaptable work environments driven by global shifts toward hybrid working models. This collaboration reflects our shared commitment to supporting business growth and creating environments that enable success. We view this partnership as a significant step forward and remain optimistic about the opportunities it will unlock for the professional community.”
With explosive market growth as companies of all sizes adopt hybrid working for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners are able to 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 approximately Rs3million per employee[i].
International Workplace Group is the world’s leading provider of flexible workspace – featuring more than 4,000 locations in more than 120 countries with members able to access all of the locations and business services via the International Workplace Group app.
JS Investments Limited: “The main thing about IWG that impressed us was the fact that they have a great track record in the flex-space industry, as authentic precursors in the field. They also have market leading skills in managing the business efficiently on a national, local and international level.”
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 Rs543 trillion. Conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2023, International Workplace Group welcomed over 800 new partner locations and counts 83 per cent of Fortune 500 companies among its customer base.
Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing a stronger and much-needed footprint in Pakistan with this latest opening. As an important business hub, Karachi 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 JS Investments that will add a cutting-edge workspace to their building.
“Our opening 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.”
International Workplace Group’s multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. All of them harness the power of flexible working to increase their productivity, efficiency, agility, and market proximity.
International Workplace Group creates personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organisations to individuals and the next generation of industry leaders.
For more information, visit International Workplace Group
About International Workplace Group PLC
International Workplace Group is the global leader in hybrid work solutions and workspace brands. We create personal, financial, and strategic value for businesses of every size. From some of the most exciting companies and well-known organizations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of International Workplace Group’s hybrid working platform to increase their productivity, efficiency, agility, and market proximity.
International Workplace Group’s unrivalled network coverage includes more than 4,000 locations across more than 120 countries and 83% of Fortune 500 companies are amongst our growing customer base.
Through our brands including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world’s leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services all available via the International Workplace Group’s app.
For more information
Visit www.iwgplc.com and for more information on partnering with International Workplace Group, see: https://www.iwgplc.com/develop-a-location
[i]Source: Global Workplace Analytics