IWG has signed a franchise partnership agreement with property developer Damosa Land Inc. to open new flexible workspaces in Mindanao, Philippines.
“Damosa has been a partner of ours for four years, and this sort of takes the partnership to the next level in terms of the growth that we see and our vision to really grow the IWG business here,” said Matthew James Kenley, IWG Asia Pacific Head of Partnership Growth.
The deal gives Damosa Land exclusivity to develop and operate eight IWG-branded centers in the cities of Davao, Cagayan de Oro and General Santos over the next five years.
IWG has had operations in Davao since 2016, with Regus Damosa Topaz Tower and Regus Felcris Centrale.
“I think that any office building in the future will really have to have some kind of flexible workspace. So that’s why we believe there is really a growth opportunity, and not just here in Davao but, eventually, in other key cities of Mindanao,” said Lars Wittig, IWG country manager for the Philippines, Thailand, Vietnam, Cambodia and South Korea.