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IWG has announced that is will be expanding its flexible office franchises across Asia through its various brands such as Regus and Spaces.
The news of this expansion comes after IWG sold a master franchise to TKP Corporation for its Japan operations back in April for $446 million.
“IWG’s franchising programme is an easy channel for investors and interested parties to access the massive opportunity flexible workspace presents,” said Nigel Barnes, Vice President for Development in Asia Pacific for IWG.
Just last week, the company sold its 14 Taiwan serviced office locations to TKP for £22.7 million, along with the rights to use the Regus, Spaces and HQ brands
Now, the company is offering franchise opportunities rather than master franchises in Singapore. It will look for partners who can operate at least five centers over a two to three year period.
IWG said that franchise holders would also have the right to use the company’s existing systems and apps, as well as its network of over 3,300 centers worldwide.
